Lummis Calls Crypto Market Structure Bill Her Hardest Legislation, Citing 6 Senators' Bipartisan Push
Updated
Updated · CoinDesk · May 14
Lummis Calls Crypto Market Structure Bill Her Hardest Legislation, Citing 6 Senators' Bipartisan Push
1 articles · Updated · CoinDesk · May 14
Cynthia Lummis said the crypto market structure bill is the hardest legislation she has handled, underscoring the difficulty of writing rules for blockchain-based assets.
Six senators — Democrats Ruben Gallego, Mark Warner and Angela Alsobrooks, and Republicans Bernie Moreno, Thom Tillis and John Kennedy — were cited by Lummis as key partners in the bipartisan negotiations.
Lummis said the bill is designed to be pro-consumer while also addressing law-enforcement concerns and answering issues raised by critics such as Elizabeth Warren.
She argued the legislation would protect people needing portable access to funds, pointing to abuse victims and people fleeing foreign persecution as examples of why Bitcoin's memorized portability matters.
If this landmark crypto bill stalls again, what does it mean for the future of digital assets and innovation in America?
With regulators defining Bitcoin as a commodity, will Congress finally pass its long-delayed comprehensive crypto legislation?
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