U.S. Lawmakers Cynthia Lummis, Patrick McHenry Express Hope For Potential Upcoming Crypto Policy
Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.
Senator Cynthia Lummis (R-WY) and Congressman Patrick McHenry (R-NC) renewed optimism in passing crypto legislation following the November 2024 U.S. elections at a Georgetown University event on Tuesday, September 17.
Hosted by the Psaros Center for Financial Markets and Policy, Lummis explained to audiences at the Financial Markets Quality that she is holding out hope for legislative crypto progress during the upcoming “lame duck” season on capitol hill.
At the #FMQ Conference, @SenLummis discussed the priorities she'd like to focus on should Republicans be in control of the Senate next year. One novel change she wants to make is the trademark of the U.S. dollar. pic.twitter.com/QiWvBaSCyG
“I really do think we’re going to get something done in the lame duck,” Lummis said.
However, she expressed concern that the development and passage of a long-anticipated crypto bill could be pushed to 2025.
“We just can’t wait anymore,” the senator continued. “Europe is way ahead of us.”
Similarly, Rep. Patrick McHenry noted that due to his upcoming retirement, robust crypto policy may be signed into law when he’s formally out of office.
“There are seeds that you plant that may not grow in your timeframe,” McHenry said.
Both Lummis and McHenry have long been advocates of developing a national digital asset framework and have worked tirelessly to pass effective crypto policy through their respective chambers.
In May, McHenry spearheaded efforts to pass the Financial Innovation and Technology for the 21st Century Act through the House of
Read more on cryptonews.com
