U.S. Senator Lummis: Closing the door on punitive regulation against the crypto industry, welcoming the return of American innovation

ChainCatcher News, U.S. Senator and Chair of the Senate Banking Committee's Digital Assets Subcommittee Cynthia Lummis posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its lawsuit against the cryptocurrency exchange Kraken, calling it "a huge victory for the digital asset industry. We are closing the door on punitive regulation and welcoming the return of American innovation. This is very significant."