Sen.
Cynthia Lummis (R-Wyo.) on Wednesday said the Senate is preparing to move forward with crypto market structure legislation in July, pushing back against criticism from JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon.
Lummis Responds To Jamie Dimon Speaking on Fox Business' Mornings with Maria, Lummis said lawmakers have spent months negotiating what is expected to become the Senate's version of the CLARITY Act.
"We're finally to the point where we’re going to put out a text over the July 4th and then we're moving in July." Dimon recently criticized crypto market structure proposals, arguing they could allow crypto companies to offer rewards that resemble interest-bearing bank deposits without the same regulatory protections.
Lummis rejected that characterization and believes that Mr.
