Democratic Senator Proposes Amendment to "OBBB" Bill to Prevent Elected Officials from Promoting or Financially Benefiting from Cryptocurrencies"
News Text:
A Democratic senator from Oregon has introduced an amendment to the "Ban on Large and Beautiful Cryptocurrencies" (OBBB) bill, aimed at preventing elected officials from promoting or profiting from cryptocurrencies in which they have financial interests.
For her part, Republican Senator Cynthia Lummis from Wyoming expressed her opposition to this amendment, warning that its implementation could significantly harm innovation and competitiveness in the United States and hinder the government's ability to effectively understand and regulate digital assets.
This controversy comes at a sensitive time, as lawmakers strive to find a balance between combating corruption and fostering innovation in the cryptocurrency sector. #StrategyBTCPurchase $OGN