Cryptocurrencies
Crypto Implosion Juices Senate Odd Couple’s Push to Clamp Down
- Wyoming rancher and New York lawyer push new regulations
- Market implosion steels resolve of Lummis and Gillibrand
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As a popular digital currency crumbled this month, two unlikely allies in the US Senate stepped up their campaign to bring regulation to the $1.3 trillion crypto market.
Cynthia Lummis, a conservative Republican from a Wyoming ranching family, and Kirsten Gillibrand, a moderate Democrat from Albany, New York, aren’t supposed to get along -- let alone work together. But with Washington riven by deep partisan division, they have bonded over one thing: crypto needing new rules.