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US Senators Discuss Highly Anticipated Bitcoin Bill

On Tuesday, June 7, 2022, Cynthia Lummis, a Republican senator and rancher from Wyoming, and Kirsten Gillibrand, a Democrat senator and securities lawyer from Albany, New York, will introduce the Responsible Financial Innovation Act.

“Some details remain in flux, but at a high level the senators’ plan would give the Commodity Futures Trading Commission significantly more power than it currently has.

As noted in her interview, Lummis hints that legislation will defer to states for how they will regulate bitcoin mining.

“Digital asset miners are some of the most innovative players in this space.

With congressional elections coming this November, many members of Congress may be reluctant to wade into this territory before going to their constituents.

…Read the full story

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