
U.S. Senator Cynthia Lummis has expressed significant concerns regarding the Biden administration's approach to regulating Bitcoin and decentralized finance. Lummis criticized the Department of Justice (DOJ) for what she perceives as criminalizing core aspects of the Bitcoin network, particularly non-custodial software that allows individuals to hold their own keys and run their own nodes. She emphasized her commitment to fighting for the rights of individuals to manage their own cryptocurrency assets, stating that the DOJ's 'hyper-aggressive' stance conflicts with existing Treasury guidance and undermines the rule of law.
JUST IN: 🇺🇸 Senator Lummis challenges DOJ on #Bitcoin Wallets for self-custody. "I am deeply concerned by the Biden administration criminalizing core tenants of the Bitcoin network." FULL STATEMENT👇 https://t.co/RRiDieVAhQ
Senator Cynthia Lummis expresses her concerns about the current government's crackdown on crypto https://t.co/9YKqKnQDm6
U.S. Senator Cynthia Lummis argued that the Department of Justice's position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law https://t.co/g0T4GsB8Ds
