- Cynthia Lummis voices her support for crypto regulation after the Ripple decision, advocating the Lummis-Gillibrand bill.
- A Twitter exchange between Lummis and Mr. Huber highlights discrepancies in her statements on crypto classification.
- The debate intensifies as Lummis initially deems most cryptos as commodities, then later refers to them as securities, causing controversy.
United States’ Senator Cynthia Lummis took to Twitter earlier to voice her opinion on the recent Ripple decision. She stated, “The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets.”
Lummis further advocated for the Lummis-Gillibrand bill, describing it as a “comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.”
However, not everyone agrees with Senator Lummis’s perspective. A Twitter user by the name of Mr. Huber @Leerzeit, responded with a bold accusation, “You are trying lying. You are trying to deceive the public.” He shared a video showing a discrepancy between Senator Lummis’s statement in one video and another interview.
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The post U.S. Regulatory Circus Continues as Senator Flip Flops on Crypto U.S. appeared first on Coin Edition.