Senator Lummis Challenges US Crackdown On Crypto Market, Vows To Protect Investor’s Rights
Summary
- Senator Lummis criticizes US government's aggressive stance on crypto industry, opposing DOJ's classification of non-custodial software as money transmission service. - She advocates for individuals' rights to hold keys and operate nodes, condemning Biden administration's criminalization of Bitcoin network and DeFi. - Lummis disapproves of SEC's expanded crackdown on crypto industry, filing amicus brief in support of Coinbase against SEC's lawsuit. - She calls for clear regulatory guidelines and introduces Lummis-Gillibrand bill to provide regulatory clarity for digital assets like XRP, aligning their treatment with the Howey Test interpretation.
