New bipartisan crypto bill would "create a federal regulatory framework." Sens. Cynthia Lummis (R–Wyo.) and Kirsten Gillibrand (D–N.Y.) have introduced a proposal to regulate cryptocurrency, called the "Responsible Financial Innovation Act." It's a reintroduction of a bill proposed last year, with some new sections added.
"This bill is a whopping 274 pages and covers most of the waterfront of crypto, from securities and commodities regulations to taxation of crypto, broad interagency coordination, and regulation of 'payment stablecoins,'" noted Justin Slaughter, policy director at the tech investment firm Paradigm.
