US Senators’ proposed crypto bill doesn’t give a hoot about home mining rigs


US Senators Lummis and Gillbrand have introduced a potential bill for the regulation of the ever-growing cryptocurrency industry: the Bipartisan Responsible Financial Innovation Act.

The bill focuses on (opens in new tab) “Flexibility, innovation, transparency and consumer protections in order to integrate digital assets into existing law and provide certainty to the growing industry.” The purpose of the bill seems to be, then, to simultaneously reign in the decentralised industry, while creating greater protection for consumers and safeguarding the innovation of the digital asset market.

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