US Senator Urges Fed to Treat Crypto Industry Fairly
JH Kim
Summary
- U.S. Senator Cynthia Lummis stated that she will continue to hold the Fed accountable to ensure it treats the crypto industry fairly.
- She criticized the Fed's action to abolish the pre-reporting obligation for banks' crypto-related activities.
- Senator Cynthia Lummis pointed out that the measure is merely formal.
Cynthia Lummis, a U.S. Senator friendly to cryptocurrencies, stated on the 25th (local time) via X (formerly Twitter) that she will continue to hold the Federal Reserve (Fed) accountable until it treats the crypto industry fairly.
Previously, she criticized the Fed's action to abolish the pre-reporting obligation for banks' crypto-related activities as merely a formal measure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.