A sweeping piece of legislation that would overhaul how the cryptocurrency industry is regulated by Washington is unlikely to be voted on this year by the US Senate, according to one of the lawmakers driving the effort.
Wyoming Senator Cynthia Lummis said on Tuesday that the full bill she released last month with Democrat Kirsten Gillibrand would probably not be considered until next year. The lawmakers said various Senate committees, which first need to first green-light aspects of the proposal, could advance pieces of the plan during 2022.
Senator Cynthia Lummis, a Republican from Wyoming, and Senator Kirsten Gillibrand, a Democrat from New York, during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022. The summit is gathering the most influential people focused on public policy for digital asset and blockchain innovations, according to the organizers.
Photographer: Valerie Pleasch/Bloomberg
“It’s a big topic, it’s comprehensive, and it’s still new ...