U.S. Senator Cynthia Lummis: Repeal of SAB 121 Puts SEC Back on Track

BlockBeats News Update

On January 24, Cynthia Lummis, proponent of the "Bitcoin Strategic Reserve Act" and Chair of the Senate Banking Committee's Digital Assets Subcommittee, took to social media to express her views. She stated that SAB 121 would have been disastrous for the banking industry, only serving to impede digital asset innovation and progress in the United States. She was pleased to see it repealed, putting the SEC back on track to fulfill its intended mission.