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
