Wyoming Senator Cynthia Lummis Provides Insight Into Bipartisan Bitcoin Bill

Popular cryptocurrency exchange Kraken’s Chief Legal Officer Marco Santori was joined by U.S Senator Cynthia Lummis for a fireside chat at the Miami Bitcoin 2022 Conference. The discussion aimed at providing an insight into Bitcoin’s (BTC) evolving legislation that Wyoming Senator Lummis has been working on. Cynthia Lummis hopes that the bipartisan Bitcoin bill, The Responsible Financial Innovation Act will incorporate favorable Bitcoin regulations. NEWS UPDATE: Marco Santori and Cynthia Lummis had a fireside chat at @TheBitcoinConf. 🇺🇸 Wyoming Senator @SenLummis shared details on a bipartisan bill designed to propel #Bitcoin in the USA, providing a sandbox for innovation to occur. pic.twitter.com/0Oq3OV4z20 — 🥷 Gokhshtein Media (@gokhshteinmedia) April 8, 2022 Legislation and The Crypto Space Are At Odds Addressing the concerns faced by the Bitcoin community, Lummis elaborated on how the success of Bitcoin has pushed officials to apply regulations toward digital assets. For instance, in 2021, the BTC community was disrupted by the announcement of a new infrastructure bill. The bill established the requirement for KYC on users sending more than $10,000 BTC or other cryptocurrencies. As the nature of Bitcoin prevents any kind of information from being collected, this raised concerns amongst users. “There were some concerns about whether BTC and crypto exchange would partake in sanctions enforced on Russia. However, the Bitco...