Senator Cynthia Lummis
@SenLummis
Chair Powell is right. We need a framework for this industry, and I’m working on one now. The major digital asset exchanges in the US are complying with sanctions against individuals in Russia. It makes no sense to punish or single them out before they’ve done anything wrong.
Fed Chair Jay Powell asked about potential for using crypto to skirt sanctions. Calls for action in Congress on regulating digital assets:
"It was probably no different with railroads or telephones or the internet. Ultimately what's needed is a framework.."
2022-03-02T16:38:48.000Z
2022-03-03T21:16:12.000Z