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Wyoming Republican Senator Cynthia Lammis, one of the crypto industry’s top congressional supporters, plans to introduce a comprehensive bill next year that will cover everything from digital asset taxation and classification to consumer protection.
If the bill is passed, regulators will receive clear guidance on asset class division, consumer protection, and stablecoin regulation. A new organization will also be created to oversee the digital asset market under the concurrent jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission.
Senate Banking Committee member Lammis is seen by industry participants as a key protector of the cryptocurrency, in which, among other things, she invests her own funds. In October, she announced the purchase of bitcoins in a year in the amount of $ 50,001 to $ 100,000.
In addition, she joined a growing number of US politicians who accept campaign donations in cryptocurrency. Thanks to the collaboration with Bitpay, Bitcoin contributions are accepted on its website.
The bill has a difficult journey through the Senate, which is equally divided, with one half having a clear bias against cryptocurrencies.
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