United

Coin

<ul class="news-points"> 
 <li>Cynthia Lummis voices her support for crypto regulation after the Ripple decision, advocating the Lummis-Gillibrand bill.</li> 
 <li>A Twitter exchange between Lummis and Mr. Huber highlights discrepancies in her statements on crypto classification.</li> 
 <li>The debate intensifies as Lummis initially deems most cryptos as commodities, then later refers to them as securities, causing controversy.</li> 
</ul> 
United States’ Senator Cynthia Lummis took to Twitter earlier to voice her opinion on the recent <a href="https://coinedition.com/ripple-ceo-brad-garlinghouse-is-overwhelmed-by-landmark-xrp-victory/" target="_blank" rel="noopener noreferrer nofollow">Ripple decision</a>. She stated, “The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets.” 
Lummis further advocated for the Lummis-Gillibrand bill, describing it as a “comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.” 
However, not everyone agrees with Senator Lummis’s perspective. A Twitter user by the name of Mr. Huber<a href="https://twitter.com/Leerzeit" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/Leerzeit" target="_blank" rel="noopener noreferrer nofollow">@Leerzeit</a>, responded with a bold accusation, “You are trying lying. You are trying to deceive the public.” He shared a video showing a discrepancy between Senator Lummis’s statement in one video and another interview. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 You are trying… 
 </blockquote> 
 </div> 
</figure> 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/u-s-regulatory-circus-continues-as-senator-flip-flops-on-crypto-u-s/">U.S. Regulatory Circus Continues as Senator Flip Flops on Crypto U.S.</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

U.S. Regulatory Circus Continues as Senator Flip Flops on Crypto U.S.

Coin Edition

Alte articole publicate pe 26 iul. 2023

Optimism Announced the Law of Chains to Provide Guiding Principle for Superchain

BREAKING: Bank of Italy to Collaborate with This Altcoin for Tokenize Assets

XRP Price Approaches a Crossroads: Examining Potential Scenarios

Elon Musk Hints at Crypto Payments for X; Algorand’s Algo Emerges as Potential Choice

Best NFT Control Software

BREAKING: SEC Files Charges Against Another Altcoin

Join our free newsletter for daily crypto updates!