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Banking, Consumer Protection, Legislation, Nonbank Financial
Tuesday, June 14, 2022
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Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wy.) have introduced the first comprehensive and bipartisan cryptocurrency bill before Congress. The Responsible Financial Innovation Act attempts to address a wide range of issues related to the usage and regulation of cryptocurrencies.
The bill is currently viewed unfavorably by most traditional lenders and banks.
Read on for more details.
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