Wyoming Senator Cynthia Lummis states that the US may finally be catching up with global competitors in crypto policy. In the latest episode of 'Decentralize with Cointelegraph,' she spoke about recent achievements and new initiatives.
Key Achievements in Crypto Legislation
Lummis highlighted two significant milestones related to last week's 'Crypto Week' in Congress. The first is the GENIUS Act, which authorizes payment stablecoins and has been signed into law by the President. The second is the CLARITY Act, which is now set for Senate consideration. She emphasized that work on these legislative initiatives has been ongoing for four years.
Connection Between Crypto and AI
Lummis also discussed her new AI-focused legislation, the RISE Act. She noted that this bill emphasizes liability protections and professional responsibilities. 'If part of that information is AI-generated and is false, the professional has a duty to vet it,' said the senator.
Message for Crypto Enthusiasts
When asked what message she had for crypto builders who may have given up on the US, Lummis stated: 'Don't lose faith. We’re waking up. The President has expressed a desire to make the United States the digital asset capital of the world… Help is on the way. Legislation is on the way.'
Senator Lummis underscores that in recent years, there has been positive momentum in US crypto policy, supported by new bills and growing bipartisan support.
