Senators Gillibrand and Lummis Seek to Regulate Digital Assets

Senators Gillibrand and Lummis Seek to Regulate Digital Assets

From natlawreview.com

Regulation brings uniformity and security, which may feel anathema to the fundamental premise of distributed ledger technology (specifically blockchain and the nascent crypto industry blockchain technology allows) – a world that needs neither trust nor centralized authority. Nevertheless, two U.S. senators are pushing to reconcile these seemingly contrary positions and priorities. On June 7, 2022, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) published a nearly 70-page draft of their landmark legislation providing clarity on the regulatory status of blockchain-based crypto assets. Dubbed the ... (full story)

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