Nuked Sen. Cynthia lummis (r-wy) found a surprising way to develop her upcoming cryptocurrency regulation bill: she put it on GitHub.
Lummis tweeted that’civil comments and criticism welcome’.’we want to get this right. Help us iterate publicly on policy,’ lummis said.
Github has a number of tools for that could be useful in developing public proposals. Github is known as a repository for open-source code.
One flagged issue is titled,’you know you can find someone to do findom using Google, right’. Another is titled:’ I do findom.’.
In a related thread, a user commented,’feds are not looking post floppa’. The popular Russian caracal has gained an Internet following under the name’big floppa’.
‘this bill would do far more to benefit everyday Americans if its text was replaced with the source code of doom,’ read a comment responding to the request.
The responsible financial innovation act would create a framework for regulators to determine whether a certain digital asset should be considered a commodity or security while implementing new stablecoin provisions. The bill would put much of the regulatory authority over cryptocurrency in the hands of the commodities future trading authority.
The bill is still in its early stages, and would need to be approved by several Senate committees before it could see a full floor vote and pass into law. It’s one of Congress’s most comprehensive attempts so far to bring regulatory clarity to the controversial world of cryptocurrency.
