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THROWBACK: Senator Lummis says the Fed isn’t regulating Bitcoin — it’s banning it. They’re even shutting down healthy banks for engaging with digital assets. “That’s just wrong.” 👀 https://t.co/vXwb9uFED2
Bitcoin and crypto should not be held to a double-standard. The previous SEC regimes created endless problems for American investors with their regulatory failures, most of which were a result of treating crypto differently in an arbitrarily and capricious manner over the past https://t.co/BmsQKC8g5R
Senator Lummis says banks are being shut down simply for interacting with #bitcoin. "That’s just wrong." https://t.co/r5SrkO6C98
Senator Lummis has criticized the Federal Reserve for shutting down banks that were not failing, solely because they dealt with digital assets such as Bitcoin. She described this action as contrary to the American dream and wrong. According to her statements, these banks were healthy and successful but faced closure due to their engagement with Bitcoin and other digital assets. This perspective highlights concerns about regulatory treatment of cryptocurrencies, with calls for avoiding double standards in the regulation of Bitcoin and other crypto assets. The criticism aligns with broader calls for consistent and fair regulatory approaches to digital currencies, contrasting with previous regulatory regimes that have been seen as arbitrary and capricious in their handling of crypto investments.
