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Lummis Predicts Positive Outlook For Crypto If Senate Shifts To Republican Control

  • Republican Senator Cynthia Lummis predicts a positive outlook for the crypto industry if the Senate shifts to Republican control.
  • Lummis emphasizes the need for a robust digital asset framework to support the US economy and criticizes the SEC's approach towards enforcement actions rather than clear regulatory guidance.
  • She questions SEC Chair Gary Gensler's future and highlights the potential benefits of a Republican-controlled Senate for digital assets.
  • Lummis has also proposed legislation to establish a "Strategic Bitcoin Reserve" program, aiming to acquire one million Bitcoins over five years to reinforce the value of the US dollar.

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