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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.
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.
Digital asset regulation has become a partisan issue, especially as a government shutdown looms.
Sen. Cynthia Lummis and Sen. Kirsten Gillibrand introduced comprehensive legislation in June to regulate crypto.
Gensler was born into a Jewish family [6] in Baltimore, Maryland, one of five children of Jane (née Tilles) and Sam Gensler. [7] Sam Gensler was a cigarette and pinball machine vendor to local bars, [8] and he provided Gensler with his first exposure to the real-world side of finance when Sam would take Gensler to the bars of Baltimore to count nickels from the vending machines.
Senator Cynthia Lummis (R-WY), who along with Senator Kirstin Gillibrand (D-NY), has proposed comprehensive legislation to regulate cryptocurrencies, asked Gensler for his thoughts on proposed ...
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