📅 December 9 | United States
After months of political tensions, regulatory debates, and a constantly evolving crypto industry, a phrase uttered in the U.S. Senate ignited everything: “There’s nothing holding this bill back.” The statement came from Democratic Senator Kirsten Gillibrand, one of the most influential figures in the discussion on crypto regulation in Washington.
📖According to The Block, Kirsten Gillibrand stated that there is nothing preventing the crypto regulation bill from moving forward in the Senate, despite the polarized climate. The senator has positioned herself as a central voice in the debate, seeking a balance between consumer protection, legal clarity, and economic innovation.
Most significant of her stance is that she doesn't speak conditionally or speculate; she affirms that the bill is ready to proceed, with incremental support and no procedural hurdles.
For months, critics had questioned whether the bill would achieve bipartisan consensus, especially in a politically sensitive year. However, Kirsten Gillibrand's statement demonstrates that the barriers are no longer structural, but merely temporary. In other words, the debate no longer revolves around whether the law should move forward, but when it will.
The bill has been developed in conjunction with Republican Senator Cynthia Lummis, solidifying a collaboration that has been compared to historic initiatives where political rivals aligned themselves to create lasting regulatory precedents. This coordinated effort is part of the reason why Kirsten Gillibrand is so confident.
Kirsten Gillibrand suggested that the next step is to maintain dialogue with regulatory agencies and continue the legislative process, which, according to her, is in a stronger position than any previous initiative. And this prior stability is what is providing reassurance to financial players, both traditional and within the blockchain ecosystem.
From the outside, it may seem like just a phrase. But, in an environment where every word carries weight, “there’s nothing holding this bill back” is the strongest signal the crypto industry has received since discussions on federal regulation began.
Topic Opinion:
This means we are no longer in a theoretical debate; we are facing crypto regulation that could become law. At an institutional level, this unlocks many pieces that were waiting for clarity: banks, custodians, infrastructure providers, funds, and startups. Balanced regulation not only protects, it also provides legitimacy.
💬 Do you think this law will arrive sooner than expected?
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