U.S. Senators Tim Scott and Cynthia Lummis have emphasized the importance of the digital asset revolution in reshaping the financial landscape, warning that the United States risks falling behind if it does not actively participate. They highlighted the potential for America to lead innovation in the digital asset industry or be constrained by regulatory decisions made by other countries. To address this, Scott and Lummis have released a discussion draft aimed at providing clarity and certainty for investors and the digital asset sector, encouraging innovation to continue on American soil. Both senators have been active in promoting crypto policy, with Lummis participating as a keynote speaker at the upcoming CoinDesk Policy Regulation event. Their efforts reflect a broader push to bring crypto entrepreneurs back to the U.S. and establish a regulatory framework that supports growth in the digital asset space.
"We released a discussion draft to help give investors and the digital asset industry the certainty they deserve to ensure this vital industry innovates on American soil." Read more from @SenatorTimScott and I below.⬇️ https://t.co/O1dXUoWRKz
Chairman @SenatorTimScott and @SenLummis: "The digital asset revolution is rewriting the rules of finance, whether or not America participates. We have the ability to be architects of advancement or be bound to the decisions of other countries." https://t.co/pYfnDNOJqT
Chairman @SenatorTimScott and @SenatorLummis: "The digital asset revolution is rewriting the rules of finance, whether or not America participates. We have the ability to be architects of advancement or be bound to the decisions of other countries." https://t.co/pYfnDNObBl