In a recent statement, Senators Kirsten Gillibrand and Cynthia Lummis shared their positive outlook regarding the potential passage of a comprehensive crypto market structure law by the end of this year. According to analysts cited in the report, the outlook is promising. Their comments come amid ongoing discussions in Congress about the regulation of digital assets.
Senator Gillibrand's Call for Regulatory Framework
Senator Gillibrand emphasized the importance of establishing a clear regulatory framework for cryptocurrencies, which she believes will foster innovation and protect investors. Meanwhile, Senator Lummis highlighted the bipartisan support for such legislation, noting that both parties recognize the need for clarity in the rapidly evolving crypto landscape.
Proposed Law and Its Objectives
The proposed law aims to address various aspects of the crypto market, including:
- consumer protection
- market integrity
- the classification of digital assets
As lawmakers continue to negotiate the details, both senators remain hopeful that a consensus can be reached, paving the way for a more structured and secure environment for cryptocurrency trading.
