๐Hey crypto enthusiasts! Congress seems to be warming up to crypto, but President Biden might still be a roadblock, says Senator Cynthia Lummis.๐
๐H.J.Res. 109, which simplifies crypto custody for banks, passed both the House and Senate. But Biden might veto it, despite bipartisan support.๐ค
๐ญWhile the White House's tone on crypto has softened, Lummis warns that Biden's veto threat still looms. She hopes the strong bipartisan vote will make him reconsider.๐
๐ตSome Democrats, especially the "progressive wing", remain skeptical of crypto. They're uncomfortable with assets not controlled by the government.๐๏ธ
๐ขLummis encourages the crypto community to reach out to their representatives, educating them about digital assets. She sees 2024 as a crucial year for shaping crypto policies.๐ณ๏ธ
๐ฃ๏ธWhat do you think? Will Biden veto the pro-crypto legislation? Share your thoughts below!๐ #CryptoNews #DeFi