US Senator Declares ‘Year for Digital Assets’—Crypto Legislation Set to Reshape Markets
Main Idea
U.S. Senator Cynthia Lummis declares 2024 as the 'year for digital assets,' highlighting legislative progress and alignment with the White House to advance crypto innovation and reshape financial markets.
Key Points
1. Senator Cynthia Lummis praised the President’s Working Group on Digital Asset Markets' latest report as a significant step forward for U.S. crypto policy.
2. Lummis emphasized her long-standing work on crypto-related proposals since taking office in 2021, aligning with the current administration's goals.
3. She highlighted the importance of regulatory frameworks, referencing her 2022 sandbox initiative based on Wyoming’s 2019 law.
4. Lummis criticized past regulatory actions, such as the Federal Reserve’s consideration of 'reputation risk' for banks with crypto exposure, linking it to broader regulatory overreach.
Description
A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets. Senate Leadership Aligns With White House to Champion Crypto Revolution U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing
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