Lummis: ‘Lion’s Share’ of Cryptocurrency Would be Regulated by SEC Under Senate Proposal
Sen. Cynthia Lummis (R-WY) said in a Tuesday she believed the “lion’s share” of cryptocurrency would be regulated by the Securities and Exchange Commission under the proposal she has co-authored with Sen. Kirsten Gillibrand (D-NY). She made the comment during a joint interview with Gillibrand on Neil Cavuto’s Fox News program. Cavuto noted that SEC Chairman Gary Gensler has been “a vocal critic” of cryptocurrency. Cavuto asked Lummis to clarify whether the Commodity Futures Trading Commission (CFTC) would be …
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