The cryptocurrency-friendly U.S. senator confirmed her work on a bill to create a better ecosystem for the cryptocurrency industry under the collaborative approach of the existing traditional financial system.
Cynthia Lummis is a cryptocurrency-friendly U.S. Democratic Senator from Wyoming. For the past few years, Cynthia has supported the cryptocurrency industry and Bitcoin as a priority in official government discussions. She has contributed enough to this cryptocurrency industry. A recent example is the controversial $1 trillion American Infrastructure Act, where Cynthia worked to address the issues and points against the cryptocurrency industry.
On March 9, Cynthia Lummis informed her Twitter followers that she is almost ready with her cryptocurrency bill, which has been in development for a long time. Currently, she is working on the final changes to the bill, which aims to introduce better policies for cryptocurrencies related to the financial system.
It’s been a long time coming, but my bill to fully integrate digital assets into our financial system is almost ready I’m putting the finishing touches on it with some key advocates and partners in the Senate, but watch for it to be unveiled soon pic.twitter.com/gpHh2JVgKd– Senator Cynthia Lummis (@SenLummis), March 9, 2022
In Cynthia's message about the new bill, she faced some criticism as well as a great appreciation for such works. In all these things, she accepted everything and made sure that the bill would clarify the rules, not the lawmakers.
“Thank you to all who reviewed, clarified and criticized earlier drafts of the bill. Strong collaboration as we reach consensus. Define the rules, not the rulers. Stay tuned, soon.”
With this statement, Cynthia confirms that the bill aims to provide better clarity on the legality and rules of the cryptocurrency industry. And it may further boost the inflow of investment in the industry from financial institutions.
In the past, Cynthia has always supported cryptocurrencies through reviews and has always confidently stated that "cryptocurrencies are here to stay". In the past month, she has recommended that federal agencies add bitcoin to their balance sheets. In the past, she has recommended that people use bitcoin in their retirement funds.
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