Lummis Slams Fed’s Crypto Policy Shift, Doubts Impact

Crypto advocate Senator Cynthia Lummis has criticized the Federal Reserve’s easing of crypto-specific directives, arguing they do little to address underlying industry challenges. The move could potentially boost institutional investment in Bitcoin and stablecoins, but Lummis expresses skepticism about its real impact. While the decision may encourage U.S. banks to expand digital asset services, Lummis vows to push for strong regulations that would ensure a level playing field. This comes as experts predict increased institutional involvement in the crypto market due to the Fed’s change in policy.