As the world waits to see America’s take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator Cynthia Lummis. Her proposal with Senator Kirsten Gillibrand, which we’ve all been waiting for action on, is bipartisan in nature.
We’re still awaiting the final details, but things have slowed to a crawl with the November elections around the corner. United States Securities and Exchange Commission Chairman Gary Gensler has moved forward with commentary that suggests the Commodity Futures Trading Commission will take a major role in the oversight of Bitcoin (BTC), which, in and of itself, would require congressional movement.
Richard Gardner is the CEO of Modulus, which builds technology for institutions that include NASA, Nasdaq, Goldman Sachs (NYSE:GS), Merrill Lynch, JP Morgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Barclays (LON:BARC), Siemens, Shell (LON:RDSa), Microsoft (NASDAQ:MSFT), Cornell University and the University of Chicago.