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Senator Cynthia Lummis of Texas raised the need for clear regulation following the XRP verdict.
Senator Loomis spoke while commenting on a question from Judge Analisa Torres regarding the XRP judgment. She said the ruling highlighted the need for a clear regulatory framework for cryptocurrencies.
A longtime Bitcoin supporter, Senator Loomis emphasized the importance of the cryptocurrency framework needed to support crypto innovation.
Loomis also mentioned the importance of maintaining the Howey test to assess whether an investment is a security. She referred to the Lummis-Gillibrand initiative
View OriginalSenator Loomis spoke while commenting on a question from Judge Analisa Torres regarding the XRP judgment. She said the ruling highlighted the need for a clear regulatory framework for cryptocurrencies.
A longtime Bitcoin supporter, Senator Loomis emphasized the importance of the cryptocurrency framework needed to support crypto innovation.
Loomis also mentioned the importance of maintaining the Howey test to assess whether an investment is a security. She referred to the Lummis-Gillibrand initiative