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The Lummis-Gillibrand bill could reshape global crypto regulations
The long-awaited and highly-anticipated crypto bill, the Responsible Financial Innovation Act championed by U.S. Senator Cynthia Lummis (R-WY), was recently introduced as a bipartisan proposal co-sponsored by U.S. Senator Kirsten Gillibrand (D-NY). The ambitious and comprehensive bill contains several key pillars — including regulatory oversight, clarification of definitions, taxation, banking and payment stablecoins — that, if passed into law, could reshape the world of crypto well beyond American borders
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