Lummis Pushes Crypto Market Bill as Exhausted Staff Race Against Holiday Deadline
Senator Cynthia Lummis is accelerating efforts to pass landmark cryptocurrency legislation before Congress adjourns for the holidays. The Wyoming Republican confirmed plans to markup the Responsible Financial Innovation Act next week during Tuesday's Blockchain Association Policy Summit.
"Our staffs are exhausted," Lummis admitted, referencing months of grueling negotiations with Senator Kirsten Gillibrand (D-NY). The bipartisan team has rewritten multiple drafts amid mounting industry pressure for regulatory clarity.
The Senate Banking Committee's version of crypto market structure legislation faces urgent timing constraints. Lummis aims to circulate a final draft this week before committee consideration - a critical step before potential floor debate.
