- U.S. Senator pushes for the passage of the Responsible Financial Innovation Act.
- Cynthia Lummis claims this act could have prevented the FTX collapse.
- The Senator tweeted that those affected by the FTX failure deserve justice.
U.S. Senator Cynthia Lummis, a strong proponent of bipartisan crypto legislation, tweeted on December 13 that the Lummis-Gillibrand Responsible Financial Innovation Act could have prevented the fall of FTX and will protect against similar future failures.
People lost their hard-earned money, and they deserve justice for any wrong doing. I am hopeful my colleagues share my desire to pass the Lummis-Gillibrand Responsible Financial Innovation Act. This comprehensive legislation would prevent future collapses like FTX.— Senator Cynthia Lummis (@SenLummis) December 13, 2022
Lummis declared that the FTX collapse has only accentuated a “more emphatic enthusiasm” to resubmit the Lummis-Gillibrand Responsible Fina ...
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