After U.S. President Joe Biden signed an executive order addressing the government’s stance on cryptocurrencies, Republican Senator Cynthia Loomis of Wyoming announced that she is preparing a new bill to bring digital assets into the financial system.
Ms. Loomis, one of the most vocal cryptocurrency advocates in Congress, announced on Twitter on March 9 that she was putting the finishing touches on the bill with leading advocates and partners in the Senate, and almost ready.