Senator Cynthia Lummis said America desperately needs digital-asset legislation that promotes responsible innovation and protects consumers

Quotes that support claims

“America desperately needs digital asset legislation that promotes responsible innovation and protects consumers,” said Senator Lummis. “While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures. That changes today. I am partnering with Chairman Scott to provide principles for market structure legislation to finally draw the line between a security and a commodity and ensure the U.S. remains at the helm of global financial advancement.”

Senator Lummis argued that America desperately needs digital asset legislation that promotes responsible innovation and protects consumers. She also noted that while the European Union and Singapore have established clear regulations, the U.S. is left behind while the crypto sector seeks greener pastures.