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Bitcoin Supporter

Bitcoin Supporter in the US Senate will introduce a new crypto bill in 2022

Bitcoin supporter in the US Senate will introduce a new crypto bill very soon. Cynthia Lummis will introduce this bill which will cover everything from how crypto is taxed to users’ protection. Bill also proposes to create a new entity that will oversee crypto space.

We have seen the fear in the crypto realm of the Infrastructure bill presented to the US senate. The controversial rules in the bill were called an attack on cryptocurrency by crypto supporters. Although, the bill was passed but some people in the US senate want the crypto realm to be regulated not banned completely. Cynthia Lummis is a Bitcoin supporter who has called Bitcoin a great store of value.

Bitcoin Supporter in the US Senate will introduce a new crypto bill:

On Thursday, Bloomberg reported that Pro-Bitcoin Cynthia Lummis is preparing to introduce a new crypto bill in the next year to the US senate. Cynthia has explained that this proposed bill will cover everything from how crypto is taxed to users’ protection. The proposed bill will state a clear explanation about the categorization of crypto assets and establish a framework to regulate stablecoin.

Bitcoin Supporter

Lummis is a member of the Senate Banking Committee. She has repeatedly said that bitcoin is a great store of value. The senator recently confirmed that she owns about five bitcoins and has no plan to sell them. Her BTC is part of a broad portfolio that includes her family’s cattle ranches. The bill also proposes that a new entity to monitor crypto should be formed. I hope Bitcoin supporter will be able to convince the US Senate and pass this bill.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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