US Senator Cynthia Lummis made important statements to BloombergCrypto. Wyoming Senator Lummis noted that cryptocurrency regulation has likely been delayed to next year.
Important Crypto Statement from US Senator Lummis
Many countries advocate taking the necessary steps to regulate the cryptocurrency market. However, a clear move on the issue has not yet come from most countries. US Senator from Wyoming, Cynthia Lummis, made statements on the subject by participating in the live broadcast of Bloomberg. Senator Lummis stated that cryptocurrency regulation is likely to be delayed until next year.
Senator Cynthia Lummis underlined the need for global cooperation in crypto regulation, saying:
Regulators need to come to a collaborative decision to protect investors without blocking startups and innovation.
Announcing that they are working on a bill focusing on regulatory clarity with New York Senator Kirsten Gillibrand last March, Senator Cynthia Lummis emphasized that it will provide a broad-based framework for how the industry should be regulated in the future. The bill also aimed to allay concerns with the controversial infrastructure law, which puts a huge tax burden on the crypto industry.
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