CoinVoice has learned that Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and Chair of the Senate Banking and Financial Technology Subcommittee, stated that the U.S. "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services under appropriate regulation. "Digital assets are an integral part of our financial system, and incorporating them into a regulated banking system can both protect consumers and unleash growth potential." Previously reported, after months of delays, the U.S. Senate Banking Committee may hold a revision meeting for the "Responsible Financial Innovation Act" next week. This move marks a phased breakthrough in the slow-moving legislative work, which has been hindered by Democratic concerns over decentralized finance and the longest government shutdown in federal history.
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CoinVoice has learned that Cynthia Lummis, the proposer of the "Bitcoin Strategic Reserve Act" and Chair of the Senate Banking and Financial Technology Subcommittee, stated that the U.S. "Responsible Financial Innovation Act" will allow large banks to provide digital asset custody, staking, and payment services under appropriate regulation. "Digital assets are an integral part of our financial system, and incorporating them into a regulated banking system can both protect consumers and unleash growth potential." Previously reported, after months of delays, the U.S. Senate Banking Committee may hold a revision meeting for the "Responsible Financial Innovation Act" next week. This move marks a phased breakthrough in the slow-moving legislative work, which has been hindered by Democratic concerns over decentralized finance and the longest government shutdown in federal history.