- Cynthia Lummis says the US is advancing in crypto with the GENIUS Act signed into law and the CLARITY Act up for Senate review.
- The Senate bill clarifies crypto securities and commodities, gaining bipartisan support for clearer rules.
- Cynthia Lummis’ RISE Act links crypto and AI, ensuring accurate AI info and boosting trust in both fields.
Cynthia Lummis Cheers Crypto Breakthrough
Senator Cynthia Lummis is thrilled about the US making big moves in crypto. On the podcast, she said last week’s “Crypto Week” in Congress was a game changer. Two big laws stood out: the GENIUS Act, which allows payment stablecoins and was signed by President Trump, and the CLARITY Act, now up for Senate review.
Cynthia Lummis, who helped write a Senate crypto plan, said these steps took four years of work and show the US is catching up with the world in crypto. Cynthia Lummis also pointed out that these laws have support from both political parties.
After lots of tweaks and talks, the bills got a strong vote. The Senate bill is special because it clears up what’s a security or commodity in crypto, using “ancillary assets” to make rules simple. This clarity could help crypto businesses and investors know where they stand.
Crypto and AI Get a Lift
Cynthia Lummis is also excited about her new AI law, the RISE Act. She sees crypto and AI as closely connected, both shaping the future.
The RISE Act makes sure professionals check AI information to keep it accurate, building trust in tech. Just like the crypto laws, it’s about setting clear rules for new ideas.For crypto developers losing hope, Cynthia Lummis says don’t quit.
She believes the US is waking up to crypto, with President Trump aiming to make it the world’s crypto leader. With the GENIUS Act done and the CLARITY Act moving forward, clear rules are coming. This means better days ahead for crypto in the US.
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