Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as a “regulatory framework for digital assets”. It will work to address a range of different topics across the market, including banking, tax, regulation of stablecoins, and inter-agency coordination.

For more information see the full test of the “S.4356 – Lummis-Gillibrand Responsible Financial Innovation Act” at https://www.congress.gov/bill/117th-congress/senate-bill/4356/text

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For over 30 years, Marin Ivezic has been protecting financial services and critical infrastructure against financial crime, cyber, and regulatory risks. He previously held multiple interim CRO, CISO and technology leadership roles in Global 2000 companies. Since 2013 he has been advising institutions and regulators around the world on safe, secure and compliant adoption of crypto assets and other decentralized technologies.