Ms. Lummis, who is one of the most vocal cryptocurrency advocates in Congress, took to Twitter on March 9 to announce that she was putting the final touches to the bill with key advocates and partners in the Senate and that it was “almost ready”: The Twitter community reacted to her announcement with a slew of suggestions, comments, and critique to the bill’s early drafts. Interestingly, the Senator acknowledged and commended them, praising the “strong collaboration as we move to reach consensus” and reiterating that the bill was coming “very soon”. It’s noteworthy that Finbold reported back in December on the Senator’s plans to create a comprehensive bill that would address everything from the cryptocurrencies’ taxation and classification to consumer safeguards.
Senator’s criticism of Executive Order
Before informing the Twitter community of her progress on the bill, the Senator had also published her position that it was time for Congress to step up and work on real legislation concerning digital assets. In addition, she offered comments on the President’s Executive Order on cryptocurrencies, stating that: Finally, Ms. Lummis added that she was still unconvinced of the need for a central bank digital currency (CBDC), but that she would continue following the work of the Federal Reserve in that area and offering her views on it.
