A HOT TOPIC 👉 in American politics right now is whether members of Congress should be allowed to trade cryptocurrency at will or face strict restrictions.
Senator Cynthia Lummis has issued a clear warning. She pointed out that while senators could use their power to vote for exemptions benefting their own crypto investments, the American public would never accept such a "conflict of interest." The public's anger stems from the fact that lawmakers create the rules and then exploit them to line their own pockets. This ethical debate has become the biggest hurdle to passing the crypto regulation bill, the CLARITY Act — in the US Senate. Amidst the tug-of-war between Republicans and Democrats, the chances of the bill pasing appear to be at an all-time low.
According to Lummis, if the legislation stalls in the current Congress due to political interests, there is no prospect of establishing clear crypto regulations in the US before 2030 — a scenario that would come at a heavy cost to the American economy.
What is your take on crypto trading by those in power? Should all forms of crypto investment be strictly prohibited for politicians? Share your thoughts... 👍
$BR $GOOGL.US
Senator Cynthia Lummis has issued a clear warning. She pointed out that while senators could use their power to vote for exemptions benefting their own crypto investments, the American public would never accept such a "conflict of interest." The public's anger stems from the fact that lawmakers create the rules and then exploit them to line their own pockets. This ethical debate has become the biggest hurdle to passing the crypto regulation bill, the CLARITY Act — in the US Senate. Amidst the tug-of-war between Republicans and Democrats, the chances of the bill pasing appear to be at an all-time low.
According to Lummis, if the legislation stalls in the current Congress due to political interests, there is no prospect of establishing clear crypto regulations in the US before 2030 — a scenario that would come at a heavy cost to the American economy.
What is your take on crypto trading by those in power? Should all forms of crypto investment be strictly prohibited for politicians? Share your thoughts... 👍
$BR $GOOGL.US
