U.S. Senator Lummis: Federal Reserve's Withdrawal of Crypto Bank Rules Is Just Empty Talk with No Substantial Progress

U.S. Senator Cynthia Lummis stated that the Federal Reserve's withdrawal of cryptocurrency guidance is merely empty talk, with no substantial progress. The Federal Reserve has stifled companies in the industry, harming U.S. interests by suppressing innovation and shutting down businesses. This fight is far from over. Cynthia Lummis pointed out that the Federal Reserve's policy statement considering Bitcoin and digital assets as "unsafe and unsound" has not been retracted. She also reiterated that many staff members behind "Operation Chokepoint 2.0" are still involved in crypto policy today. (Cointelegraph)