U.S. Senator Lummis posts Bitcoin laser eye emoji after cryptocurrency legislation passed
On Friday, Senator Cynthia Lummis excitedly said, "We (Bitcoin supporters) are back again" after the Senate passed a bill to repeal anti-crypto banking policies.
The Senate just passed H.J.Res. 109, a bill that seeks to overturn the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin No. 121. This bulletin once imposed strict restrictions on cryptocurrency banking policies.
Lummis posted a "Bitcoin laser eye" emoji on social media to express her strong support and excitement for cryptocurrency legislation. Her move quickly attracted widespread attention and became a hot topic in the cryptocurrency community.
The passage of this legislation is seen as a major victory for the cryptocurrency industry. Repealing SAB No. 121 will reduce regulatory pressure on cryptocurrency banking and create a more favorable environment for the development of the industry.
"With this bill, we are sending a clear message to the world: America welcomes cryptocurrency, and we are creating a more friendly legal environment for this innovative field."
Senator Cynthia Loomis showed her unwavering support for cryptocurrency by posting the "Bitcoin laser eyes" emoji. The passage of H.J.Res. 109 marks an important step in the regulation of cryptocurrency in the United States, showing the country's support and recognition of this emerging industry.
