Senator Cynthia Lummis highlighted America’s need to compete with the EU and Singapore by providing clear crypto regulations

Quotes that support claims

"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," Lummis said in a statement. "That changes today."

Senator Lummis, a vocal Bitcoin advocate, emphasized America’s competitive position: “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.”