Sen. Cynthia Lummis Says Clear Crypto Rules Are Needed to Protect U.S. Participants

U.S. Senator Cynthia Lummis said the United States should establish clear regulatory rules for the crypto industry to protect Americans who want to participate in the activity. According to ChainCatcher, Lummis said creating a clear and predictable regulatory framework is not meant to benefit the industry itself, but to safeguard every American seeking to take part. She added that clearer rules would help ordinary investors participate in the crypto market in a compliant way and manage risks, rather than primarily serving institutions or large companies.