World Crypto Global
- Written by: Abdulkarim Abdulwahab
- Wed, 26 Jul 2023
- United States
Senator Cynthia Lummis says the recent ruling in the Ripple case has further underscored the need for Congress to create a comprehensive crypto regulatory framework. In a recent tweet, Cynthia Lummis, a US Senator from Wyoming, expressed the urgent need for Congress to establish a comprehensive regulatory framework for crypto assets. The catalyst for her call […] The post Senator Lummis: Ripple Decision Reinforced Need for Congress to Create Regulation for Crypto first appeared on The Crypto Basic.
Senator Lummis: Ripple Decision Reinforced Need for Congress to Create Regulation for Crypto
Senator Cynthia Lummis says the recent ruling in the Ripple case has further underscored the need for Congress to create a comprehensive crypto regulatory framework.
In a recent tweet, Cynthia Lummis , a US Senator from Wyoming, expressed the urgent need for Congress to establish a comprehensive regulatory framework for crypto assets. The catalyst for her call was the Ripple decision , which has raised concerns about the lack of clear guidelines surrounding digital currencies.
Teaming up with Senator Kirsten Gillibrand from New York, Lummis unveiled the Lummis-Gillibrand bill, touting it as the most comprehensive and bipartisan proposal to address the digital currency space.
The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets.
Lummis-Gillibrand is the comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.
The Reworked Bill
The Lummis-Gillibrand bill builds on the earlier version they introduced months before the collapse of FTX in 2022, aiming to protect consumers while fostering innovation in the industry.
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