'This is a direct attack on the digital asset industry ... I will not stand by and let the heavy hand of the government pick winners and losers,' said the senator. bitcoin crypto cryptocurrency
U.S. Senator Cynthia Lummis. She explained in a series of tweets last week why this bill is “a direct attack” on the crypto industry.
This provision would give the Treasury Secretary and those she deputizes unilateral, unlimited power to ban any type of financial asset that has a foreign link, without public notice and without any time limit … This is a direct attack on the digital asset industry. I will not stand by and let the heavy hand of the government pick winners and losers. If we go down this path, we threaten our own position as global financial leader.
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