Senator Cynthia Lummis announced that they will unveil a proposal to fully integrate digital assets into the financial system next week. Will this be a good or bad thing for crypto?

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Some hours age senator Cynthia Lummis announced that they will unveil a proposal to fully integrate digital assets into the financial system next week on Twitter.

The full tweet:

“We’ve been teasing it for months, but the time is almost here – a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week. Stay tuned!”

The question now is how this will be good/bad for crypto.

Due to the latest events with Luna I think that some regulation will be needed to prevent this kind of scandals. It gives crypto a bad name due to some individuals! Also regulation will lead to a more global adoption for crypto.

The downside is that crypto will be more controlled, so more centralized. I also fear that with the proposal some extra tax issues will occur, because most of the time some people want to win something from proposals!

What do you think about this? Will this proposal be good or bad for crypto?

Thanks for reading!

submitted by /u/ChemicalGreek
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