Chair

Gary

Read

<html>
 <head></head>
 <body>
 US politician Cynthia Lummis discusses a comprehensive crypto regulation with user protection and clear company guidance. 
 In a recent CNBC television interview, <a href="https://thecryptobasic.com/2021/12/24/pro-bitcoin-u-s-senator-cynthia-lummis-to-present-crypto-regulation-bill/" rel="noopener noreferrer nofollow">the pro-crypto US Senator </a> Cynthia Lummis emphasized the pressing need for a regulatory framework integrating cryptocurrencies into the US economy while prioritizing consumer protection. 
 Lummis revealed plans to reintroduce a crypto regulation bill that faced roadblocks in Congress last year, stating that the updated version incorporates valuable feedback from the Securities and Exchange Commission (SEC). 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/SenLummis?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SenLummis</a> <a href="https://t.co/drISz5suE9" rel="noopener noreferrer nofollow">pic.twitter.com/drISz5suE9</a> 
 <a href="https://twitter.com/SquawkCNBC/status/1679104176188473344?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 &nbsp; 
 <h2 id="span-style-font-weight-400-we-need-regulated-crypto-exchanges-span">We Need Regulated Crypto Exchanges </h2> 
 Lummis stressed the necessity of exchanges being registered with the Commodity Futures Trading Commission (CFTC) and addressing illicit finance to ensure the robustness of the crypto ecosystem. 
 Notably, the proposed bill aims to establish adequate penalties, secure the assets and reserves underpinning cryptocurrencies, and introduce additional safeguards for consumer protection. 
 The senator acknowledged the contradictory nature of companies like <a href="https://thecryptobasic.com/2022/11/11/bitboy-accuses-sbf-of-extorting-billions-from-justin-sun-as-ftx-files-for-bankruptcy/" rel="noopener noreferrer nofollow">the bankrupt FTX </a> that operated offshore without sufficient consumer protections. Lummis noted that the lack of regulation exposes consumers to potential risks, echoing SEC Chair Gary Gensler’s depiction of the crypto space as the “wild west.”&nbsp; 
 By implementing <a href="https://thecryptobasic.com/2022/08/03/new-bipartisan-us-bill-puts-cftc-in-charge-of-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">the bill </a>... 
 <a href="https://thecryptobasic.com/2023/07/12/senator-cynthia-lummis-calls-for-comprehensive-crypto-regulation-to-safeguard-consumers/" rel="noopener noreferrer nofollow">Read more</a>
 </body>
</html>

Senator Cynthia Lummis Calls for Comprehensive Crypto Regulation to Safeguard Consumers

목차

TheCryptoBasic

2023년 7월 12일에 게재된 다른 기사

Ripple Vs SEC Case Was Meticulously Planned From The Beginning?

United Nations aims to standardize blockchain

Litecoin: Is Another Major Surge on the Horizon?

Class Mate Academy Joins as a Leancoin Adopter

A Top Analyst Not Bullish on These Altcoins-Will a Fresh Bearish Wave Be Triggered?

Binance US Denies BCH FUD: Crypto Influencer Seeks Proof

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!