Senator Cynthia Lummis Predicts Bitcoin and Crypto Bill Could Pass Soon
Senator Lummis says the bill will combine public-private partnerships to target illegal finance, bolster innovation, and protect US consumers in digital asset markets.
BTC
Summary
US Senator Cynthia Lummis stated that her upcoming crypto market structure bill will integrate public-private partnerships to combat illicit financial activities, while supporting innovation in the cryptocurrency industry and safeguarding consumers in the United States. This approach builds on ongoing bipartisan progress with Senator Kirsten Gillibrand, discussions with the White House, and planned hearings, aiming to establish a clear and enforceable regulatory framework for digital assets.
Terms & Concepts
- Crypto market structure bill: A proposed legislative framework outlining regulations and rules for cryptocurrency trading, issuance, and investor protections in the United States.
- Public-private partnerships: Collaborative arrangements between government agencies and private sector companies to achieve specific policy goals or projects.