Do you know the Lummis and Gillibrand project and its precepts of law for the control of cryptocurrencies?

On a day where cryptocurrency price action continues without major volatile movements, encouraging news emerges as U.S. Senators Cynthia Lummis and Kirsten Gillibrand will reintroduce legislation aimed at establishing a comprehensive regulatory framework for digital assets.

According to information socialized in Cointelegraph, "The U.S. lawmakers said they would reintroduce the Responsible Financial Innovation Act in the Senate on July 12, after about a year since it was introduced in the previous session of Congress."

The press release noted that "The Lummis-Gillibrand bill was first introduced in June 2022, amid the cryptocurrency market crash that caused several high-profile companies to fail and the price of many tokens to plummet."

One of the aspects that particularly caught my attention was that "Some lawmakers and industry leaders have criticized U.S. regulators for a lack of clarity that would allow companies to operate without risk of enforcement actions or other control measures."

In this sense, actions against the cryptocurrency market continue to be the order of the day, and this is demonstrated when the aforementioned female Senators reintroduce a bill that aims to regulate cryptocurrencies in a comprehensive manner.

Cointelegraph. US senators reintroduce crypto bill aimed at comprehensive regulation. Link

The cover image was designed by the author: @lupafilotaxia, incorporating image: Cointelegraph