Will Senator Lummis’ digital asset legislation provide clarity or favoritism?
The bill Senator Cynthia Lummis and Senator Kirsten Gillibrand proposed aims to clarify federal regulations on stablecoins, banking, SEC and CFTC jurisdiction, and taxes.
The bill Senator Cynthia Lummis and Senator Kirsten Gillibrand proposed aims to clarify federal regulations on stablecoins, banking, SEC and CFTC jurisdiction, and taxes.
The U.S. Federal Trade Commission released a report detailing about 46,000 people with over a median of $2,600 individual loss—this is about 60x higher than in 2018.`
The Responsible Financial Innovation Act is designed to improve flexibility, innovation, transparency and consumer protections with regard to digital assets.