What is Sen Lummis' stance on government regulation of digital currencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Senator Lummis has been a vocal advocate for limited government intervention in the digital currency space. She believes that excessive regulation can stifle innovation and hinder the growth of the cryptocurrency industry. Lummis has expressed concerns that heavy-handed regulations could drive businesses and innovation overseas, potentially harming the United States' competitiveness in the global market. She has been a proponent of fostering a regulatory environment that allows for responsible innovation while also protecting consumers and investors.
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• Dec 25, 2021 · 3 years ago
  When it comes to government regulation of digital currencies, Senator Lummis takes a hands-off approach. She believes that the market should be allowed to develop and self-regulate to a certain extent. Lummis argues that excessive regulation could stifle innovation and hinder the potential benefits that digital currencies can bring. However, she also emphasizes the need for some level of regulation to prevent fraud and protect consumers. Lummis supports a balanced approach that encourages innovation while ensuring the necessary safeguards are in place.
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• Dec 25, 2021 · 3 years ago
  As a representative of BYDFi, I can say that Senator Lummis has been a strong advocate for a light touch regulatory approach to digital currencies. She recognizes the potential of cryptocurrencies to revolutionize finance and believes that heavy-handed regulation could stifle innovation and hinder the growth of the industry. Lummis has been actively working to educate her colleagues in Congress about the benefits of digital currencies and the importance of fostering a regulatory environment that allows for responsible innovation. She believes that a balanced approach is necessary to protect consumers while also allowing the industry to thrive.
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