U.S. Senator Lummis criticizes The Federal Reserve (FED) for its encryption bank regulatory policies

According to the Gate.io News bot, Senator Cynthia Lummis has questioned the recent actions of The Federal Reserve (FED) in withdrawing some guidelines related to Crypto Assets. Lummis pointed out that the FED's practice of setting obstacles for crypto banks in the main account application process is a violation of the law, and that it employs a reputation risk standard during the regulatory process. She also emphasized that the FED has not retracted the policy statement of "Article 9(13)," which classifies Bitcoin and digital assets as "unsafe and unsound" assets.

BTC-1.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)