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U.S. Senator Lummis: The Fed's revocation of crypto banking rules is just empty talk, the fight is far from over

2025-04-26 08:48

Odaily News U.S. Senator Cynthia Lummis wrote that the Fed's withdrawal of cryptocurrency guidance is just empty talk, not real progress. The Fed has stifled companies in the industry and harmed American interests by stifling innovation and closing businesses. This fight is far from over. Cynthia Lummis pointed out that the Fed's policy statement on Bitcoin and digital assets being considered "unsafe and unsound" has not been withdrawn. She also reiterated that many of the staff behind "Operation Chokepoint 2.0" are still involved in crypto policy today. (Cointelegraph)