As cryptocurrency and blockchain mania takes hold in the finance world, as well as among retail investors buying and selling coins with the click of a button, interest and literacy in digital currencies are also taking hold among members of Congress.
Once viewed negatively in Congress and among regulators as dangerous, untested technology or a tool for buying and selling on the black market — the recent ransomware attack on Colonial Pipeline paid in Bitcoin also hurt the image — a growing number of lawmakers are warming up to Bitcoin and other blockchain currencies. In fact, some are slowly working toward passing laws and clarifying regulations in the cryptosphere while preserving the ability for innovation in the field.
In demonstrating increased engagement with the issue, Wyoming Republican Sen. Cynthia Lummis and Ohio Republican Rep. Warren Davidson spoke at the Bitcoin 2021 conference in Miami on Friday.
“We protected innovation in the internet age, and