The evolving perception of cryptocurrency, transitioning from initial skepticism by government officials to a more receptive stance, has been noteworthy. Wyoming’s Republican Senator, Cynthia Lummis, has garnered favor within the crypto community due to her growing involvement and interest in the cryptocurrency realm.
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In one of her recent statements, Lummis stated that her efforts to implement a positive cryptocurrency regulatory framework are still in motion. In one of her recent tweets, she stated that she is working on developing a regulatory framework for digital assets in the US.
US Senator Lummis shares her willingness for positive crypto rules
Lummis had stated that he was working on a bill that would soon make its debut. In one of her recent tweets, Lummis conveyed that she is working on a regulatory framework that will allow individuals and companies to own and trade cryptocurrencies in the US.
In the tweet, she also emphasized the success of her party in averting the inclusion of a 30% digital asset mining tax in the recent debt ceiling agreement. The statement by Lummis comes at a time when there is heightened scrutiny of the cryptocurrency realm by US regulators, including the US.
The SEC recently filed a lawsuit against Binance and Coinbase, which also affected cryptocurrency prices. The rise in regulatory uncertainty has also raised alarm, as the community is skeptical of how the crypto scene in the US will develop.