Senator Cynthia Lummis says senators are free to vote against tougher restrictions on politicians investing in crypto, but believes most Americans would disagree with that choice.
The comments come as the Senate works through ethics provisions tied to the CLARITY Act, including restrictions aimed at potential conflicts of interest involving politicians and crypto.
My take: this is becoming bigger than crypto regulation.
If lawmakers are writing the rules for an industry they can personally invest in, the conflict of interest argument is going to be difficult to ignore.
Crypto wants clearer rules, but credibility matters too.
If the industry wants mainstream adoption, the people making the rules probably need to play by rules the public can actually trust.
$BTC #Meme Alpha# #Meme Alpha#
The comments come as the Senate works through ethics provisions tied to the CLARITY Act, including restrictions aimed at potential conflicts of interest involving politicians and crypto.
My take: this is becoming bigger than crypto regulation.
If lawmakers are writing the rules for an industry they can personally invest in, the conflict of interest argument is going to be difficult to ignore.
Crypto wants clearer rules, but credibility matters too.
If the industry wants mainstream adoption, the people making the rules probably need to play by rules the public can actually trust.
$BTC #Meme Alpha# #Meme Alpha#
