Derived from 528btc, U.S. Senator Cynthia Lummis stated that the stalled federal legislation to establish a clear market structure for digital assets may enter a key procedural stage before Congress adjourns for the holidays. Lummis, a long-time advocate for crypto reform, expects the Responsible Financial Innovation Act to move into a markup hearing next week, allowing amendments before full Senate debate. The bill aims to clarify digital asset classification, regulatory oversight, and market operations. Bipartisan negotiations have resumed, with a tentative December timeline for the hearing. However, political divisions and jurisdictional disputes remain potential obstacles.
Lummis Aims to Advance Crypto Legislation Before Congressional Recess
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