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U.S. Senator Cynthia Lummis: The window for crypto legislation is shrinking, but some bills may still be passed this year
2024-08-22 00:14:46
Odaily News U.S. Senator Cynthia Lummis said on Wednesday that the window for crypto legislation in 2024 is narrowing, but it is still possible that some bills can be passed this year. While neither she nor Senator Tim Scott delved into the details of any specific bill, she mentioned the work of the Senate Agriculture Committee. Scott also spoke at the SALT Wyoming Symposium, held ahead of the Federal Reserve's annual Jackson Hole conference. Lummis and Scott also appealed to voters during their brief appearance at SALT, saying that Republicans are more supportive of crypto industry interests than Democrats. Scott is the top Republican on the Senate Banking Committee and has rarely spoken out against cryptocurrencies during his tenure as a senior member of the committee. However, at the Bitcoin Nashville conference last month, he called for more relaxed regulators and said he would support crypto-friendly legislation. Scott will become chairman if control of the Senate falls into Republican hands. On Wednesday, he raised the possibility of creating a subcommittee focused on digital assets if he were to take the position, "so we can get the conversation clearer, have more hearings on banking, so we can get things done faster. We'll go further, faster, in less time." (CoinDesk)