US Senator Pushes for Crypto Regulation Amid SEC Lawsuits Against Coinbase and Binance

US Senator Cynthia Lummis is still committed to developing a regulatory framework for digital asset ownership and trading in the United States. In collaboration with Senator Kirsten Gillibrand, Lummis is working on a bipartisan initiative to propose extensive regulations for cryptocurrencies. The proposed bill aims to establish a precise classification for tokens, create a stable framework for businesses and investors in the crypto industry, and address regulatory uncertainties. The effort will promote responsible growth within the sector.