US Senator Cynthia Lummis is urging Congress to reconsider crypto legislation following the collapse of cryptocurrency exchange FTX.
Senator Lummis, together with Senator Gillibrand, has prepared the bill, which has been FTX He made statements regarding the provision of regulations that could prevent a liquidity crisis. Yesterday, after the crisis over cryptocurrencies, US Commodity Futures Trading Commission (CFTC) He stated that he was following the developments in the markets closely. Requesting a review of the crypto money markets and the possible future law in order not to repeat such crises, Lummis made the following statements in his statement on the subject:
Market manipulation, lending activity, and whether client funds and assets are properly protected are just a few of the many issues that my colleagues and I will need to consider in the coming days.
This bill, drafted by congressional senators, is touted as a necessary move to foster informed innovation while ensuring customer protection. to crypto markets strict rules and clear transparency This bill, which aims to ensure However, they started to act in the stock markets, being aware of this situation. Many leading cryptocurrency exchanges are following Binance. Merkle Tree It turns to the way of proof of transaction and reserve.