Republican Senators Push for Clearer Crypto Rules in US Banking Sector

BTCC / BTCC Square / Global Cryptocurrency /

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2026-06-05 13:11:01

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Republican senators are intensifying pressure on US financial regulators to establish transparent capital requirements for banks and firms engaged in cryptocurrency activities. Led by Wyoming Senator Cynthia Lummis—a vocal advocate for digital asset regulation—the group sent a May 27 letter to Federal Reserve Vice Chair Miki Bowman, FDIC Chairman Travis Hill, and Acting Comptroller Jonathan Gould.

The lawmakers acknowledged March’s tokenized securities guidance but demanded stricter clarity for balance-sheet crypto holdings. Their push coincides with upcoming debates on the CLARITY Act, which faces a 60-vote Senate threshold. Lummis has long championed federal frameworks to address crypto’s risks without stifling innovation.

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