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Crypto and US Politics: Is Bipartisan Regulation Possible?

A proposed crypto bill supported by a Democrat and a Republican would shake up the industry.

Senators Cynthia Lummis and Kirsten Gillibrand during the DC Blockchain Summit.

Senators Cynthia Lummis and Kirsten Gillibrand during the DC Blockchain Summit.

Photographer: Valerie Plesch/Bloomberg
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In this episode, we’re taking another look at the US approach to regulating cryptocurrencies. There is a real drive on Capitol Hill to figure out how to define and regulate this asset class and protect consumers. The bipartisan duo of Democratic Senator Kirsten Gillibrand of New York and Republican Senator Cynthia Lummis of Wyoming are proposing sweeping legislation that tackles everything from who gets to regular crypto to Bitcoin mining. But can it pass? And how would it work? Bloomberg reporter Allyson Versprille tackles these questions.  

A Bipartisan Duo Craft a Crypto Bill ...