Cynthia Lummis, a conservative Republican from a Wyoming ranching family, and Kirsten Gillibrand, a moderate Democrat from Albany, New York, aren’t supposed to get along — let alone work together. But with Washington riven by deep partisan division, they have bonded over one thing: crypto needing new rules.
The duo is planning to release a draft of their proposal as soon as next week that aims to prevent crises like the recent blowup of the TerraUSD stablecoin and settle some of the bureaucratic turf battles that have hobbled oversight. It’s a congressional election year in America, so it’s hard to say that a bill will become law, but their plan is already garnering a lot of attention.
‘Enforcement 40’ for 2020
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