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Senators Cynthia Lummis and Kirsten Gillibrand published draft of landmark legislation to regulate blockchain-based crypto assets. The bipartisan Lummis-Gillibrand Responsible Financial Innovation Act seeks to regulate the digital assets industry in a crypto-friendly manner.
Regulation brings uniformity and security, which may feel anathema to the fundamental premise of distributed ledger technology (specifically blockchain and the nascent crypto industry blockchain technology allows)...
On June 7, 2022, Senator Kirsten Gillibrand (D-NY) and Senator Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (RFIA), a highly anticipated legislative...