"I really do think we're going to get something done in the lame duck," Lummis said at an event Tuesday hosted by Georgetown University's Psaros Center for Financial Markets and Policy. She is optimistic that efforts still being pushed at the Senate Agricultural Committee could lead to a bipartisan handshake, which may then be adjusted during late-year negotiations to encompass other essential details, indicating proactive steps towards crypto legislation.
"We just can't wait anymore," she said. "Europe is way ahead of us." Lummis emphasizes the urgency for establishing a regulatory framework for the crypto industry in the U.S., suggesting that delays could see the U.S. further lagging behind other global markets, particularly those in Europe.
"There are seeds that you plant that may not grow in your timeframe," McHenry said, acknowledging that while substantial efforts were made to progress crypto legislation, the outcome might not meet his expectations within the current session. He noted that the crypto sector has left behind significant "policy footprints that I've left in the sand," suggesting continuity in the push for regulation.
McHenry, the chairman of the House Financial Services Committee, highlighted the strong momentum for crypto legislation, pointed out that the comprehensive digital assets bill passed in the House with substantial bipartisan support, and noted that this could pave the way for future developments, although there are uncertainties regarding the timing and legislative processes involved.
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