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MACAU DAILY TIMES » Amid crypto turmoil, senators propose sweeping oversight

June 8, 2022
Source: macaudailytimes.com.mo macaudailytimes.com.mo
News Snapshot:
Sen. Kirsten Gillibrand, D-N.Y., and Sen. Cynthia Lummis, R-Wyo. W ide-ranging bipartisan legislation unveiled yesterday in Washington would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures. It’s unclear, though, whether the bill proposed by U.S. Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., can clear Congress, especially at a time of heightened partisanship ahead of midterm elections. The bill also comes as advocates for cryptocurrency have become bigger — and more free-spending — players in Washington. The bill, called the Responsible Financial Innovation Act, proposes legal definitions of digital assets and virtual currencies; would...
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