US Senator: "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services

Odaily reported that Cynthia Lummis, Chair of the U.S. Senate Banking Subcommittee on Digital Assets and a Senator, posted on X platform stating that the U.S. "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services under appropriate regulation. "Digital assets are an integral part of our financial system, integrating them into the regulated banking system can both protect consumers and unlock growth potential." Previously reported, after months of delays, the U.S. Senate Banking Committee may hold a revision meeting for the "Responsible Financial Innovation Act" in the second week of January. This move marks a phased breakthrough for this legislation, which has progressed slowly due to Democratic lawmakers' concerns about decentralized finance and the longest government shutdown in federal history.