In a recent statement on April 25th, U.S. Senator Cynthia Lummis criticized the Federal Reserve for its decision to retract cryptocurrency guidance, arguing that such moves lack substantive progress. She asserted that the Fed’s actions have significantly stifled innovation within the cryptocurrency sector and negatively impacted U.S. enterprises by hindering growth opportunities. Senator Lummis emphasized that the ongoing challenges faced by the digital asset industry necessitate continued advocacy for regulatory reform. Her commitment to holding the Fed accountable aims to ensure that this vital sector is not merely given a symbolic support but is provided with genuine prospects that foster development and competitiveness in the global market.
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