US Senators Discuss Highly Anticipated Bitcoin Bill

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On Tues­day, June 7, 2022, Cyn­thia Lum­mis, a Repub­li­can sen­a­tor and ranch­er from Wyoming, and Kirsten Gilli­brand, a Demo­c­rat sen­a­tor and secu­ri­ties lawyer from Albany, New York, will intro­duce the Respon­si­ble Finan­cial Inno­va­tion Act. This bill is a broad, sweep­ing attempt to reg­u­late bit­coin and oth­er cryptocurrencies. 

In Lum­mis’ words, the bill will “ful­ly inte­grate dig­i­tal assets into [the] finan­cial sys­tem” and bring order to the cryp­to space. 

This is no small feat and has tak­en many hours con­sult­ing with indus­try and min­ing rep­re­sen­ta­tives to pro­duce leg­is­la­tion that Lum­mis says, “We hope hits the sweet spot between reg­u­la­tion that is clear and under­stood and does not sti­fle innovation.”



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