XRP Ruling Sparks Senator Lummis’ Call For Transparent Crypto Regulations
A recent court decision concerning the status of XRP has revived the conversation on the necessity of clear and thorough regulatory frameworks in the constantly changing world of cryptocurrencies. US Senator Cynthia Lummis, a Republican from Wyoming, has called for immediate action to establish clear crypto rules in response to Judge Analisa Torres’ ruling that […]
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A U.S. senator has called on the Securities and Exchange Commission (SEC) to issue crypto regulations now “through a transparent notice-and-comment regulatory process.” He stressed that “some digital assets are securities, others may be commodities, and others may subject to a completely different regulatory regime.” US Senator Calls for ‘Transparent Notice-and-Comment Regulatory Process’ to Regulating Crypto Assets U.S. Senator John Hickenlooper (D-CO) has sent a letter to the chairman of the Securities and Exchange Commission (SEC), Gary Gensler,....
The Republican lawmaker from Wyoming has been a vocal supporter of Bitcoin and blockchain technology in Congress. United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday. The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which prohibits the use of non-public information for profit. The STOCK Act was signed into law under the Obama administration in April 2012 and is designed to combat insider trading. As CNBC....
Senator Cynthia Lummis, a rancher and Republican senator from Wyoming introduced a comprehensive and sweeping bill concerning Bitcoin and crypto regulations. The RFI (Responsible Financial Innovation) Act was released on June 7th by the Senator alongside Kristen Gillibrand, a New York securities attorney, and Democrat senator. Related Reading | Bitcoin Open Interest Falls As Price Dips Below $31,000 According to Lummis, the proposed bill will lead to cryptocurrency adoption into the traditional financial system. Thus, enabling the digital currencies to become accepted as commodities.....
Senator Cynthia Lummis has won support from a Democrat senator for her new digital asset bill. United States Senator from New York Kirsten Gillibrand revealed working with Senator Cynthia Lummis on a broad-based regulatory framework for the crypto industry on Thursday during a live event in Washington, D.C. As Gillibrand specified, she and Lummis are undertaking “a very complex and intensive review” of different aspects of the industry, with a future regulatory task-sharing in mind. The framework will see both the Commodity Futures Trading Commission (CFTC) and Securities and Exchange....