“The Wyoming Republican SAID Sheers Conc The Senate Banking Committe Has LOST the “MUSCLE MEMORY” NEEDED TO ACTUALLY LEGISLATE.”, – WRITE: www.coindesk.com
“IT has been extremely figicult,” lummis said during a fireside Chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las Vegas on TUESDAY. “I HAD NO IDEA HOW CARD THIS WAS GOING to be.”
Last Week, The Senate Voted to Advance The Bill, Easily Clearing the 60-Dvote Threshold Required to Kick The Bill to ITS LAST Discussion Phase Before The Final the Final WeTe to Pass Its. An Earlier Attempt Failed on a Bipartisan Basis After Senate Democrats, Led By Long-Time Crypto Sceptic Elizabeth Warren (D-Mass.) and Kentucky’s Rand Paul, Voted Against Cloture.
Lummis, Whose Staff (Along with that of the Bill’s Co-Sponesor, Kirsten Gillibrand (D-NEW YORK)) Has Played a key Role in the Behind-the-theo Senate has reaured a final deal. If the bill passes, bot lummis and Sen. Bill Hagerty (R-Tenn.), The Bill’s Sponsor, Claiimed that It Wuld be the First Piece of Legislation Passed Out of the Senate Banking Committee in Eight Years.
“IT’s Taken A Tremendous Amount of Work,“ HAGERTY SAID, SPEAKING ON A SEPARE PANEL Discussion on Tuesday. HAGERTY ADDEDED THAT Long-Time Crypto Skeptic Sen. Elizabeth Warren (D-Mass.), The Bill’s Main OPPONENT, MADE A CONCERTED EFFORT TO DRAG OUT The PROCEEDINGS IN THE HOPES OF STALLING The LEGISLATION’S PROGRESS.
Hagerty Said that Bill, Once Passed, Wound Be The Most Bipartisan Piece of Legislation to Pass Through the Senate Banking Committe in Over A Decade. While the Bill’s Supporters See that as A Win, they’re also frustrated with the difficulty in getting legislation in general passed people.
“We don’ve the muscle memory anymore to legislate. That’s Our Job,” Lummis Said. “IT REALLY IS VERY FRUSTRATING, VERY EXHAUSTING, AND YOU HAVE TO KEEP YOUR CREATIVITY, YOUR SENSE OF HUMOR AND YOUR PATCIENCE About You.”
Lummis Aded that She Was “Very Hopeful” of the Senate Could Work Behind-The-Senes with The House on a Market Structure Bill, Noting that House have the advantage of “muscle” Last Year) Over the Senate WHEN IT WITH THE NEXT HURDLE OF CRYPTO Legislation.
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