Pro-Bitcoin Wyoming Senator Cynthia Lummis is planning to introduce a detailed bill on Bitcoin and crypto in 2022.

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The proposed bill will aim to provide regulatory clarity on stablecoins, guide regulators as to which cryptos belong to different asset classes, and offer consumer protections.

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Along with this, the senator reportedly proposed establishing an organization under the joint jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission to oversee the crypto market.

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On Twitter, Lummis asked U.S. voters to reach out to their senators to support the bill, saying she was looking for bipartisan cosponsors.

Cynthia Lummis 🦬 @CynthiaMLummis

Welcome bipartisan cosponsors! Please encourage your senator to reach out and consider it. https://t.co/ndIfFAkj0L

Bitcoin Magazine @BitcoinMagazine

BREAKING – US Senator Cynthia Lummis to propose new bill for #Bitcoin next year 🇺🇸 https://t.co/oYkTl3luen

December 23rd 2021

429 Retweets3,171 Likes

Lummis has not hidden her support for Bitcoin in the past, as in October, she bought around $50,000 to $100,000 worth of Bitcoin, according to a Periodic Transaction Report.

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