Senator Lummis Critiques SEC Crypto Regulation

This is a US news story, published by CoinGape, that relates primarily to Cynthia Lummis news.

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Senator Cynthia Lummis Critiques US SEC

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Senator Cynthia Lummis Critiques US SEC's Crypto Regulation Approach

Summary

Nutrition label

75% Informative

Senator Cynthia Lummis criticizes US SEC's crypto regulations, advocating for CFTC oversight of Bitcoin and ETH .

Lummes and Gillibrand propose changes to wash sale rules to enhance CFTC 's role in digital asset regulation.

Senator Lumm is an advocate for digital assets and says Bitcoin and Ether should fall under CFTC jurisdiction instead of the SEC .

In contrast, SEC Chair Gary Gensler has maintained that the US already has crypto regulations in place.

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VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful