US Senators Propose Bitcoin Industry-Friendly Bill
The most comprehensive cryptocurrency legislation to date is being introduced Tuesday by a bipartisan pair of senators looking to establish a clear federal regulatory structure for digital assets
Sens. Cynthia Lummis, R-Wyo., and Kirsten Gillibrand, D-N.Y. — authors of the Responsible Financial Innovation Act — say their goal is to make consumers more comfortable with a growing industry that is still foreign to many Americans.
“One of the problems is that nothing is properly defined,” Lummis, a fervent cryptocurrency supporter on Capitol Hill who owns bitcoin, said in an interview. “Our bill seeks to change that so more people become comfortable and can benefit from cryptocurrency.”