Senator Cynthia Lummis Slams Jeff Merkley’s Proposed Crypto Amendment

Key Points

1. Senator Cynthia Lummis opposes Senator Jeff Merkley's amendment to prohibit federal officials from promoting or offering cryptocurrencies.

2. Lummis claims the amendment would harm American innovation and competitiveness in the crypto sector.

3. Merkley's amendment aims to prevent elected officials from 'corrupting' their public position through crypto sales.

4. Republican senators have rejected Merkley's proposed amendment.

5. Lummis argues that the amendment is misguided and would hinder effective regulation of digital assets.