US Senator Lummis continues push for crypto regulatory framework that fosters innovation and clarity.
in the recent debt ceiling deal. Senator Lummis emphasized that the battle to establish a transparent regulatory framework for the crypto industry is far from concluded.
The proposed bill aims to achieve several objectives, including providing a clear definition of cryptocurrencies and potentially removing the"security" designation. By establishing a precise classification for tokens, the legislation seeks to create a stable framework for businesses and investors in the crypto industry. This effort will not only address regulatory uncertainties but also stimulate innovation and promote responsible growth within the sector.
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