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Introduced by Sens. Lummis (R-WY) and Gillibrand (D-NY), the bill aims to create clarity for regulators and the crypto industry to safeguard investors and consumers.
Senator Cynthia Lummis is vowing to block a SEC bulletin from becoming binding, citing it as another example of how the agency is 'overreaching' in its regulation of crypto assets.
Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced bipartisan legislation to create a regulatory framework for the crypto markets, the Responsible Financial Innovation Act ...
Republican Sen. Cynthia Lummis of Wyoming has introduced a bill that would have the country acquire, over time, 1 million bitcoin, or about 5% of outstanding tokens, to hold for at least 20 years ...
Senators Kirsten Gillibrand and Cynthia Lummis introduced their long-awaited crypto legislation that favors the CFTC as a watchdog and wipes away tax worries for purchases of less than $200.
This set the stage for consideration of the bill by the entire U.S. House of Representatives in late May. [1] [2] On 22 May 2024 the bill was passed by the full House by a vote of 279-136, with 71 Democrats and 208 Republicans voting to support the measure. The bill passed over the vocal opposition of President Biden and SEC Chair Gary Gensler. [3]
U.S. digital asset ownership jumped from 30% in 2023 to 40% in 2024. Congress must rise to the occasion and pass FIT21. The House crypto bill could be the answer to America’s regulatory soul ...
US House passes crypto bill despite warnings from SEC. May 22, 2024 at 6:03 PM (Reuters) - The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework ...