Senator Cynthia Lummis says Congress faces U.S.-China finance innovation choice

  • Senator Cynthia Lummis said Congress will soon decide on financial innovation.
  • Congress faces a choice between U.S. innovation and ceding finance’s future to China.
  • Cynthia Lummis framed the alternatives as innovation with consumer protections or falling behind.

Senator Cynthia Lummis said Congress will soon decide whether to support U.S. financial innovation with consumer protections or risk ceding the future of finance to China. Her framing presents the choice as balancing technological and market development with safeguards for consumers, while avoiding a loss of U.S. leadership.

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Senator Cynthia Lummis says Congress faces U.S.-China finance innovation choice - CoinPost Terminal