Washington, D.C. (June 7, 2022) –The Blockchain Association Executive Director Kristin Smith released the following statement following Senators Lummis and Gillibrand’s bipartisan crypto legislation:
“The bipartisan legislation announced today by Senators Lummis and Gillibrand represents a milestone moment for crypto policy and a major step forward for the crypto industry in Washington. Good policy is the result of good debate and good discussion, and the Blockchain Association and our more than 90 member companies look forward to our continued dialogue to ensure the US remains a global crypto leader.
“We applaud the inclusion of the Digital Commodity Exchange Act, which will serve as the foundation for spot market regulation, and clarifications to questions on tax requirements left unanswered by the Bipartisan Infrastructure Bill. We thank Senators Lummis and Gillibrand for engaging with industry on this bill, and we look forward to continuing to work with them as we refine the language and advance the bill through the process.”