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Senator Criticizes SAB 121's Impact On Digital Asset Innovation

Time:2025-01-24 Click:358


According to BlockBeats, on January 24, Cynthia Lummis, the proponent of the Bitcoin Strategic Reserve Act and chair of the Senate Banking Subcommittee on Digital Assets, expressed her views on social media regarding SAB 121. She described the regulation as disastrous for the banking industry, stating that it would only hinder the innovation and progress of digital assets in the United States. Lummis welcomed the repeal of SAB 121 and emphasized the importance of the SEC returning to its intended mission.

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