Tuesday, August 16

Cynthia Lummis, US Congresswoman, Plans To Introduce A Comprehensive Cryptocurrency Bill In 2022, According To Report By CoinTelegraph

© Reuters. Cynthia Lummis, a US congresswoman, plans to introduce a comprehensive cryptocurrency bill in 2022, according to report

Wyoming Senator Cynthia Lummis, one of the US legislators behind many pro-crypto laws, is slated to introduce a comprehensive bill to manage digital assets next year.

In a report Thursday, Bloomberg said Lummis’s proposed bill aimed to provide regulatory clarity on stablecoins, guide regulators on which cryptocurrencies belong to different asset classes, and offer consumer protection. Furthermore, the US senator allegedly proposed creating an organization under the joint jurisdiction of the Securities Commission and the Commodity Futures Trading Commission to oversee the cryptocurrency market.

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On Twitter (NYSE :), Lummis asked American voters to contact their respective senators to support the bill, saying they were looking for bipartisan co-sponsors. The Wyoming senator, despite being a staunch conservative who voted against a commission to investigate the January 6 bombing of the U.S. Capitol and not remove the former president, has previously worked with Democrats Mark Warner and Kyrsten Sinema to try to “fix” the definition of corridor in the infrastructure bill signed in November.

Read the full article on Cointelegraph

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