A U.S. senator is preparing a bill to regulate cryptocurrencies

In 2022, U.S. Senator Cynthia Lummis plans to release a bill aimed at regulating cryptocurrencies. It is reported by Bloomberg agency. The document will include most of the issues, from taxation of cryptocurrencies and ending with the protection of consumer rights.

Welcome bipartisan cosponsors! Please encourage your senator to reach out and consider it. https://t.co/ndIfFAkj0L

— Cynthia Lummis 🦬 (@CynthiaMLummis) December 23, 2021

Assistant Lummis said that if the bill passes, it will provide government agencies with a ready guide to control the crypto market. This is a te​xt from platform cryptodefix.com. The senator plans to classify digital assets and introduce rules for stabelcoins issuers. The bill also implies the introduction of a separate institution to regulate the market.