The crypto industry can trust Cynthia Lummis to get regulation right

The senator has a proven track record on issues like cryptocurrencies and privacy rights. His proposal to regulate the industry is one that crypto enthusiasts can get behind.

As the world waits to see America's take on cryptocurrency regulation, crypto enthusiasts should remember one thing: The industry can trust Senator Cynthia Loomis. His proposal with Senator Kirsten Gillibrand, on which we have all been waiting for action, is bipartisan in nature.

We're still waiting on the final details, but things have slowed to a crawl with the November election around the corner. United States Securities and Exchange Commission Chairman Gary Gensler went ahead with comments that suggest the Commodity Futures Trading Commission will take a major role in overseeing Bitcoin (BTC), which, in and of itself, would require congressional action.