United States Senator Cynthia Lummis has said her efforts to push for a positive crypto regulatory framework are still in motion, with the rapid evolution and increasing adoption of cryptocurrencies adding to its urgency.

Lummis received praise from Crypto Twitter as she shared her commitment to developing a regulatory framework to facilitate digital asset ownership and trading within the United States. Her tweet serves as a reminder of the anticipated bill that was supposed to be released in April.

In collaboration with Senator Kirsten Gillibrand, Lummis has been engaged in a bipartisan initiative to propose extensive regulations for cryptocurrencies. The upcoming legislative effort is anticipated to make significant progress in Congress this year, providing a crucial framework for the rapidly evolving digital asset industry.

We successfully prevented @POTUS‘ 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over.

I am working on a regulatory framework that will allow individuals and companies to own and trade digital assets in America.

Stay tuned…

— Senator Cynthia Lummis (@SenLummis) June 10, 2023

In her tweet, the lawmaker highlighted her party’s success in preventing the Go to Source to See Full Article
Author: Amaka Nwaokocha

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