US Senators Discuss Highly Anticipated Bitcoin Bill

On Tuesday, June 7, 2022, Cynthia Lummis, a Republican senator and rancher from Wyoming, and Kirsten Gillibrand, a Democrat senator and securities lawyer from Albany, New York, will introduce the Responsible Financial Innovation Act. This bill is a broad, sweeping attempt to regulate bitcoin and other cryptocurrencies.

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In Lummis’ words, the bill will “fully integrate digital assets into [the] financial system” and bring order to the crypto space.

This is no small feat and has taken many hours consulting with industry and mining representatives to produce legislation that Lummis says, “We hope hits the sweet spot between regulation that is clear and understood and does not stifle innovation.”

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