Senator Lummis Urges Congress for Crypto Regulatory Clarity

Adekunle Joshua

United States Senator Cynthia Lummis emphasizes the significance of the recent court ruling on Ripple's XRP token

The verdict underscores the urgent need for a comprehensive regulatory framework for cryptocurrencies

In a statement, Senator Lummis stresses the importance of the court ruling on cryptocurrency regulation

It reinforces the immediate requirement for Congress to establish a thorough crypto framework that prioritizes consumer protection

Senator Lummis, a longstanding advocate of Bitcoin, highlights the need for a transparent cryptocurrency framework that protects investors and fosters innovation

Maintaining the Howey test is crucial, says Senator Lummis. She references the Lummis-Gillibrand bill, aimed at providing clarity and regulatory guidelines for digital asset

The legal dispute between Ripple Labs and the SEC has extensive implications for the regulatory landscape of digital assets in the US

Senator Lummis's call for congressional action holds significant merit

The absence of well-defined guidelines leaves entrepreneurs and investors in a state of uncertainty, hindering innovation and economic expansion