Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Sen. Cynthia Lummis seeks to push traditional and crypto under the same category

0
(0)
Sen. Cynthia Lummis seeks to push traditional and crypto under the same category 16

US Senator Cynthia Lummis is workingaxq on a bill to push the traditional as we know as modern assets, like crypto, under the same category to fall under the same regulatory roof.

Cynthia Lummis is a senator from Wyoming. She is popularly known for her support of the crypto industry. In the past, she appreciated the technology of Bitcoin and other Cryptocurrencies and also said that crypto is here to stay. In the past, she also suggested people to have retirement funds in Bitcoin. 

On 3 April, Cynthia Lummis appeared in an interview with Axios news media. Through the interview, she revealed some important information about a developing crypto bill, on which she is working and hopefully will introduce it by the end of this year.

Cynthia said that she is working to bring a framework to give a stand for Cryptocurrencies as a traditional asset so that traditional and digital assets can be regulated under a single ruling system.

Cynthia said:

“We’ve designed it so it works within the customary framework for managing and regulating traditional assets. So, for example, Bitcoin is a commodity. So it would fall under the Commodity Futures Trading Commission for purposes of trading and the spot market and the futures market. And then when something fits in the Howey Test, that makes it security, it would fall under the Securities Exchange Commission.”

Cynthia also said that there should be a proper regulatory framework for the crypto industry, where crypto investors, as well as crypto innovation, should have room to evolve without any negative pressure.

Under the newly developing crypto bill of Cynthia, there are very precise details about Cryptocurrencies and traditional assets like commodities. After the completion of work, this group will be divided into 5-6 different committees.

She also noted that detailing design will also include, Central Bank Digital Currency (CBDCs) and Stabelcoins.

“We’re going to introduce it as one big piece so people can see the big picture, how the commodities components work, with the securities components, with the stable coins, and with potential CBDC.”

Overall statement by Cynthia Lummis hinted that she is working on a very big issue, where the US Securities regulatory body is struggling to take much better & precise action against the crypto companies, which are violating securities law mistakenly or unknowingly.

Read also: Coinbase Exec predicts 10 billion users in next 10 years

Sen. Cynthia Lummis seeks to push traditional and crypto under the same category

 

https://bitcoinik.com/sen-cynthia-lummis-seeks-to-push-traditional-and-crypto-under-the-same-category/feed/

https://bitcoinik.com/sen-cynthia-lummis-seeks-to-push-traditional-and-crypto-under-the-same-category/feed/

 

 

 

 

 

Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

 

Cryptos OTC Trading Platformb- Idle coins earn interest
Ads by Cryptonews24

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯

 

👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

https://cocacola66.vip/index/login/reg/invite_code/052091

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link
👇🏽

https://cocacola66.vip/index/login/reg/invite_code/052091

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎

----------------------------------------------------------------------------------------------------------------------------------------

TELEGRAM
Cryptonews24 Channel Chat