Sens. Cynthia Lummis and Kirsten Gillibrand release their draft crypto regulation bill, seeking to empower the CFTC over the SEC, a win for the industry
The proposal would hand crypto oversight to the CFTC, which the sector views as friendlier than the SEC
Washington Post Tory Newmyer
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Discussion
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@ben_mckenzie
Ben McKenzie
on x
Congrats to the crypto industry. They got what they paid for. https://twitter.com/...
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@senlummis
Senator Cynthia Lummis
on x
I am working diligently with @sengillibrand to finalize bill text of our comprehensive digital asset legislation. Any language circulating online is an incredibly outdated version from March 1. Stay tuned for our release of the actual bill on June 7th!
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@ryansadams
Ryan Sξan Adams
on x
@SenLummis @SenGillibrand Crypto appreciates your leadership @SenLummis. Would you like to join us on the @BanklessHQ podcast to discuss this important legislation with the crypto community?
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@fredwilson
Fred Wilson
on x
my thoughts on the Gillibrand Lummis Bill, posted using a web3 dapp, archived on Arweave, and minted as an NFT https://avc.mirror.xyz/...
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@senlummis
Senator Cynthia Lummis
on x
Today, I'm introducing the Responsible Financial Innovation Act alongside @SenGillibrand. The United States is the global financial leader, and it's absolutely critical the U.S. plays a leading role in this new frontier. https://www.lummis.senate.gov/ ...
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@ahcastor
Amy Castor
on x
This bill doesn't even have a number yet, so this is hardly news worthy. Most tokens are unregistered penny stock offerings. They would fall under SEC https://www.washingtonpost.com/ ...
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@ben_mckenzie
Ben McKenzie
on x
You will be shocked to know the CFTC budget is approx 1/6 the SEC.
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@davidsirota
David Sirota
on x
America was once known for making actual things. Now after trade deals destroyed U.S. manufacturing, Congress is focused on boosting/deregulating fake “mining” of digital code for speculators, which also creates carbon emissions amid the climate crisis. https://www.politico.com/.…
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@ronwhammond
Ron Hammond
on x
4) The biggest news of the week is the unveiling of @SenLummis and @SenGillibrand's large crypto regulatory bill. This is the Senate's 2nd major bipartisan effort on crypto regulation and will be impactful for years to come. Read @samjsutton's story here https://www.politico.com/…
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@cynthiamlummis
@cynthiamlummis
on x
Thank you for your patience. I'm excited to FINALLY get this out the door. There will almost certainly be provisions you like. Perhaps there will be provisions you oppose. Getting this right will be hard but worth it. Give me (constructive) feedback. https://twitter.com/...