U.S. Senator Cynthia Lummis said Congress will soon confront a choice that could shape the direction of financial innovation in the United States: advancing innovation with consumer safeguards or allowing China to lead the future of finance. Cointelegraph reported on Sept. 8 that Lummis urged lawmakers to establish a regulatory framework for digital assets that promotes innovation while protecting consumers. She has long supported cryptocurrency-related legislation and efforts to create such rules in the United States.