Home News In 2022, Cynthia Lummis intends to introduce a complete crypto bill

In 2022, Cynthia Lummis intends to introduce a complete crypto bill

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Senator Cynthia Lummis of Wyoming, one of the pro-crypto senators in Congress, intends to launch a full bill next year to deal with digital assets, provide regulatory clarity on stablecoins, lead regulators across asset classes, and provide regulatory measures.

Lummis’ proposed measure, according to Bloomberg, aims to establish regulatory clarity on stablecoins. As well, to instruct regulators on which cryptos belong to which asset classes, and provide consumer protections. In fact, the senator shown to have advocated forming an institution to regulate the crypto market. Under the joint supervision of the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Lummis decided to vote against a commission of inquiry the Jan. 6 attack on the United States Capitol

To be put to a vote in the Senate, any bill would almost certainly need the backing of at least 60 members. Democrats now have 50 of the Senate’s 100 seats. With Vice President Kamala Harris capable of acting as a tiebreaker if necessary.

Lummis said she was searching for bipartisan cosponsors on Twitter, and she encouraged Americans to contact their senators to support the bill. Despite being a conservative republican who decided to vote against a commission of inquiry on the Jan. 6 attack on the United States Capitol and against impeaching former President Barack Obama. The Wyoming senator has previously collaborated with Democrats Mark Warner and Kyrsten Sinema. In order to “fix” the concept of broker in the infrastructure program enacted into law in November.

Alexandria Ocasio-Cortez said that holding Bitcoin or other digital assets is inappropriate for a politician

Lummis, who was a pro-Bitcoin advocate before elected to the Senate, has stated that she acquired Bitcoin (BTC) worth $50,001 to $100,000 as part of the Stop Trading on Congressional Knowledge Act. Representatives Marie Newman of Illinois, Michael McCaul of Texas. As well as Pat Toomey of Pennsylvania, Barry Moore of Alabama, Jefferson Van Drew of New Jersey. And Michael Waltz of Florida are among the other members of Congress who have reported interests in cryptocurrency.

Liberal legislator Alexandria Ocasio-Cortez recently came out on social media. Claiming that holding Bitcoin or other digital assets was inappropriate for her. Because politicians have access to “critical information and forthcoming policies”. Such investments, according to the Democratic House member, might taint their neutrality.

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