US Senator Cynthia Lummis has expressed strong dissatisfaction with the Federal Reserve's recent actions on cryptocurrency guidance, calling them "mere rhetoric" without genuine advancement. Here's a breakdown of her concerns ¹:
- Stifling Innovation: Lummis believes the Federal Reserve's actions suppress innovation and harm US interests by shutting down businesses in the industry.
- Lack of Support: She argues that the digital asset industry needs more than just a "lifeline" and advocates for a fair opportunity instead.
- Accountability: Lummis has pledged to hold the Federal Reserve accountable for their actions, emphasizing that the struggle for clearer guidance is far from over.
It's clear that Lummis is pushing for more clarity and support for the digital asset industry, and her criticism highlights the ongoing debate around cryptocurrency regulation in the US.