Sen. Lummis joins call for dismissal of the SEC's case against Coinbase

Sen. Lummis joins call to dismiss the SEC's case against Coinbase

Sen. Cynthia Lummis, R-Wyo., who recently introduced a comprehensive bill to regulate digital assets with Sen. Kirsten Gillibrand, D-N.Y., said the SEC is out of bounds when it comes to regulating crypto.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Sen. Cynthia Lummis, R-Wyo.

The major questions doctrine has two parts — one focused on whether the subject has a major impact on the nation’s economy or on the public, and the second is whether a federal agency has explicit authority to implement new regulations.“On the first pillar, regulation of crypto assets is a matter of great economic and political significance. It is the subject of dozens of recent Congressional hearings and legislative proposals,” Lummis said, citing the growth of crypto’s value over the years.

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