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Senator Lummis
1 month ago 1 min read

US Senator defends crypto, urges strong rules against bad actors, and clashes with Warren on laundering

In a recent Senate Committee hearing, US Senator Cynthia Lummis defended the crypto industry, claiming that the primary concern is with bad actors, not the assets themselves. Lummis, a vocal crypto supporter, advocates for a strong regulatory framework to prevent bad actors from abusing the system and to ensure that crypto businesses follow clear rules. Senator Lummis has been actively working to develop a comprehensive regulatory framework for the crypto industry. This year, she introduced the Lummis-Gillibrand bill, which seeks to improve oversight and regulation in the crypto space. The proposed legislation is intended to make it difficult for bad