A New Congressional Bill Aims To Spur Crypto's Growth
Posted on AllSides June 8th, 2022
From The Left
Valerie Pleasch/Bloomberg via Getty Images
It’s been a rough month for the crypto world, which has faced market crashes, layoffs, lawsuits from regulators and rising rhetorical pushback from critics. But on June 7, two U.S. senators introduced a bipartisan bill that, if passed, could clear the way for increased crypto adoption and growth.
The Responsible Financial Innovation Act, proposed by the New York Democrat Kirsten Gillibrand and the Wyoming Republican Cynthia Lummis, aims to “take a light regulatory touch,” Sen. Lummis said at the DC Blockchain Summit last month. Lummis hopes it will foster innovation while putting up just enough consumer guardrails....
AllSides Media Bias Rating: Lean Left
Related Coverage
HEADLINE ROUNDUP
FTC Votes to Ban Noncompete Clauses, Chamber of Commerce Vows to Sue
