U.S. Senator Cynthia Lummis has publicly criticized the Federal Reserve’s decision to withdraw its 2022 guidance on cryptocurrency regulation. This move creates uncertainty for U.S.-based crypto businesses and raises concerns about access to banking services. Lummis, a vocal advocate for clear regulatory legislation, argues that this change is not merely lip service but represents an impediment to industry growth. While the Fed hasn’t yet implemented any direct market or funding shifts, the potential for long-term implications on U.S. crypto innovation remains high. Lummis vowed to continue pressuring the Fed until a robust regulatory framework supporting the digital asset industry is established.