The cryptocurrency landscape in the United States of America is promising and chaotic at the same time. While the recently introduced Infrastructure Bill made it difficult for entrepreneurs to work in this space, some senators soon jumped in to make amendments to it. There are two clear lobbies in the country, and many believe that Republicans are inherently against crypto. That argument, however, has turned out to be false since many Republican senators have also come out in support of cryptocurrencies. Wyoming Senator Cynthia Lummis is a fine example of this. Despite being a staunch conservative in political views, she has worked with democrat senators Mark Warner and Kyrsten Sinema in amending the controversial definitions of a broker in the Infrastructure Bill. Now she has proposed a comprehensive cryptocurrency regulation in the United States by 2022.
Cynthia Lummis is a long-time supporter of cryptocurrencies and has publicly acknowledged that she owns Bitcoins. Many people raised allegations of unethical investment since she would have access to significant insider and sensitive information that would influence her investment plans. Despite facing backlashes and criticism, Lummis has never shied away from expressing her interest and belief in the cryptocurrency ecosystem.
While a comprehensive Crypto Bill in the United States by Cynthia Lummis seems unlikely, her efforts will have an impact on how the government deals with the crypto space in the coming years. However, with support from other senators and bipartisan agreements, comprehensive cryptocurrency legislation in 2022 might not be impossible.
