During a Politico Live event on the 24th of March, two US Senators revealed that they are working on a bipartisan framework for crypto regulation. This comes after several calls for a favorable framework for crypto regulation in the US. Senator Kirsten Gillibrand of the Democratic Party, and Senator Cynthia Lummis, a Republican, showed their concern for a regulatory framework for the crypto industry. According to Senator Gillibrand, the collaboration is projected to be a “very complex and intense review,” covering the different areas in the crypto industry.
Speaking further during the event, the member of the Democratic Party mentioned the regulators for the broad-based regulatory framework. According to her, the Commodity Futures Trading Commission (CFTC) will regulate some while the Securities Exchange Commission (SEC) will regulate some. The senator noted the need for some of the frameworks to be observed more broadly. In light of this, she said:
“…and we intend to hav
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