Representative Patrick McHenry (R-N.C.) and Senator Cynthia Lummis (R-Wyo.), two prominent U.S. lawmakers pushing for crypto oversight legislation, are expressing confidence that a bill could pass through Congress before the end of the year.
Despite challenges and opposition, McHenry and Lummis are not giving up hope on establishing regulations for the cryptocurrency industry. They believe that there is still a window of opportunity to enact meaningful legislation that will provide clarity and guidance for businesses and investors operating in the crypto space.
Both lawmakers have been vocal advocates for responsible and balanced regulation of cryptocurrencies, emphasizing the importance of innovation and competition in the digital asset market. They have been working closely with industry stakeholders and other members of Congress to address concerns and find common ground on key issues related to crypto regulation.
McHenry and Lummis are committed to ensuring that the U.S. remains a global leader in the development and adoption of blockchain technology and digital currencies. They recognize the potential benefits of crypto assets for the economy and are dedicated to creating a regulatory framework that fosters innovation while protecting consumers and investors.
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As the debate over crypto regulation continues in Washington, McHenry and Lummis are determined to push forward with their efforts to pass legislation that will provide much-needed clarity and certainty for the crypto industry. While challenges remain, they remain optimistic about the prospects for a bill to be approved before the end of the year.
