The committee is an obstacle, the pro-crypto senator said, but that could change soon.
Cryptocurrency is increasingly becoming a political issue, and upcoming elections will be decisive in the future of crypto in the United States, Senator Cynthia Lummis told the audience at the Bitcoin Policy Summit in Washington, D.C. Innovations in mining could add weight to the pro-crypto argument, she added.
The current political atmosphere is stifling for crypto. “In this administration, there are a number of high-ranking policy positions that are held by people who are threatened by Bitcoin because they know they can't control it,” Lummis said.
Therefore, “we're trying to view it [crypto] as a negative and foresee how we should regulate the negative side of it,” despite its benefits.
