U.S. Senator Cynthia Lummis made a statement following the Ripple case verdict. Lummis emphasized that Congress urgently needs to create a comprehensive and clear regulatory framework for cryptocurrencies.
Additionally, Lummis emphasized the importance of the Howey test.
And continue to promote its own Responsible Financial Innovation Act, the Lummis-Gillibrand Act. The bill was co-sponsored by Lummis and Senator Kirsten Gillibrand.
The bill aims to provide a regulatory framework for the crypto market, and she also pointed out that maintaining the Howey test is a position that the Lummis-Gillibrand bill has taken from the beginning.