Senator Lummis calls for SEC case against Coinbase to be closed

Wyoming Republican Senator Cynthia Lummis called on the New York District Court to dismiss the SEC's lawsuit against the Coinbase bitcoin exchange, because, in her opinion, the department's attitude towards cryptocurrency "contradicts current legislative efforts."

“The regulation of crypto assets is of great economic and political importance. This is the subject of dozens of recent congressional hearings and legislative proposals,” Lummis said.