Crypto
Lummis Warns Congress on Future of US Financial Innovation
U.S. Senator Cynthia Lummis has issued a warning to Congress that they will soon face a critical choice regarding the direction of U.S. financial innovation.
Lummis emphasized that lawmakers must decide whether to advance financial innovation with consumer safeguards or risk handing leadership in the future of finance to China.
The senator stressed that the U.S. needs a regulatory framework that can promote financial innovation while ensuring consumer protection, echoing her long-standing calls for a clear digital asset regulation framework.