Senator Cynthia Lummis has taken a firm stand against recent actions by U.S. authorities targeting decentralized finance (DeFi), asserting that these measures undermine fundamental principles of property rights and financial autonomy. Criticizing the Department of Justice's (DOJ) aggressive approach, Lummis argues that categorizing non-custodial software like digital wallets as money transmission services contradicts existing Treasury guidelines and common sense. She is committed to defending the rights of Americans to manage their digital assets independently, emphasizing the importance of legislative clarity to protect technological innovations and individual freedoms within the cryptocurrency sector.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.