{"content":"🇺🇸 Crypto is the Future': Senator Lummis Pushes Banks to Embrace Digital Assets U.S. Senator Cynthia Lummis (R-WY), a prominent advocate for digital assets often dubbed the "crypto queen" of Capitol Hill, has publicly emphasized that cryptocurrency represents the "future" of finance Her remarks highlight a core element of her legislative agenda: ensuring that traditional financial institutions, particularly banks, are encouraged and properly enabled to integrate and embrace digital assets and blockchain technology. • Championing Clarity and Innovation: As the Chair of the Senate Banking Subcommittee on Digital Assets, Senator Lummis is at the forefront of efforts to create a clear and comprehensive regulatory framework for the crypto space in the United States • Addressing Banking Reluctance: The Senator has often criticized a perceived anti-crypto bias among federal regulators, including the Federal Reserve, which she argues has created a hostile environment preventing banks from offering services to legitimate digital asset businesses. She has called for an end to policies that she believes perpetuate "Operation Chokepoint 2.0" tactics—where banks are discouraged from dealing with certain industries • Legislative Push: Senator Lummis has been a key sponsor of landmark legislation, including efforts to establish a regulatory structure for stablecoins (like the GENIUS Act) and broader market structure bills. These proposals are aimed at providing the legal clarity necessary for banks to engage with crypto responsibly, protecting consumers while fostering innovation • Open Banking Advocacy: Her recent actions also include urging regulators like the CFPB to finalize an "open banking" rule, which she says is critical for integrating digital assets into the economy and facilitating faster, cheaper payments Senator Lummis's position is clear: for the U.S. to maintain its global leadership in financial innovation, banks must be allowed, and indeed encouraged, to become active participants in the digital asset economy","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/05/2cd60e5af4730ea886e5a5a9b3e56d8e.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}