SB2281: Lummis-Gillibrand Responsible Financial Innovation Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to provide for consumer protection and responsible financial innovation, to bring crypto assets within the regulatory perimeter, and for other purposes.
Plain-language summary
This bill aims to establish new rules for cryptocurrency and digital assets to protect consumers and bring the crypto industry under government oversight. The bill addresses how crypto should be regulated, what consumer protections apply, and which agencies oversee different parts of the market. Sponsored by Senators Lummis and Gillibrand, the bill was introduced but has not yet advanced through the process. The legislation attempts to balance innovation in financial technology with safeguards for people who buy or use crypto.
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SB2281: Lummis-Gillibrand Responsible Financial Innovation Act