Cynthia M. Lummis

05/22/2024 | Press release | Distributed by Public on 05/22/2024 19:40

Lummis Applauds House Passage of Pro-Crypto Legislation

May 22, 2024

Washington, D.C.- U.S. Senator Cynthia Lummis (R-WY) released the following statement commending the House of Representatives for passing legislation to provide market structure for the crypto asset industry.

"The passage of FIT 21 proves there is strong, bipartisan support in Congress for creating a regulatory framework for the crypto industry," said Lummis. "Senator Gillibrand and I have worked tirelessly to provide commonsense solutions that strike the balance of unleashing financial innovation without eroding consumer protections with our digital asset legislation, and I am encouraged by the House's shared interest in positioning the United States to be a global leader in cryptocurrency. Congratulations to Chairman Patrick McHenry, Chairman GT Thompson, Representative French Hill and Representative Dusty Johnson on this momentous vote."

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