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Lummis, Gillibrand Revamp US Crypto Bill With Juiced-Up Consumer Protection
The Senate’s bipartisan duo, Cynthia Lummis and Kirsten Gillibrand, unveiled their latest effort to regulate the US crypto industry, placing greater emphasis on consumer protection following a string of high-profile company failures last year. Lummis, a Republican from Wyoming, and Gillibrand, a Democrat from New York, first introduced their bill last June. At the time, the popular crypto stablecoin, TerraUSD, had already collapsed but the vast majority of the eventual 2022 turmoil, culminating with the implosion of trading giant FTX, was still to come. Now, the senators are revamping their prior effort by ... (full story)
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The crypto asset industry is here to stay.
— Senator Cynthia Lummis (@SenLummis) July 12, 2023
Today, @SenGillibrand and I are reintroducing landmark legislation to create a federal regulatory framework that allows crypto businesses and investors to prosper here in America while protecting consumers from bad actors. pic.twitter.com/z2pr0evWt2