Senator Lummis Criticizes Federal Reserve's Stance on Cryptocurrency

According to BlockBeats, U.S. Senator Cynthia Lummis expressed her dissatisfaction with the Federal Reserve's recent actions regarding cryptocurrency guidance. She stated that the withdrawal of guidance is merely rhetoric and not a genuine advancement. Lummis accused the Federal Reserve of stifling companies within the industry and harming U.S. interests by suppressing innovation and shutting down businesses. She emphasized that the struggle is far from over and pledged to hold the Federal Reserve accountable until the digital asset industry receives more than just a lifeline, advocating for a fair opportunity instead.