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One of the first attempts at a comprehensive crypto bill is due from bitcoin evangelist Cynthia Lummis next year: report
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Tom Williams/Roll Call
Bitcoin evangelist and US Senator Cynthia Lummis is planning on introducing a comprehensive crypto bill in the new year, according to a report from Bloomberg.
The legislation would create a new regulatory body, overseen by the Commodity Futures Trading Commission and the Securities and Exchange Commission, that governs cryptocurrencies, Bloomberg said, citing a staffer. The bill would also regulate stablecoins, establish crypto tax laws, and create consumer protections, according to the report.
The bill, Bloomberg said, would be one of Congress' first attempts at creating broad crypto rules and would have to pass through a Senate that's relatively split on digital asset regulation. Insider could not immediately reach
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