Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Senator Lummis ‘deeply concerned’ about the Biden administration’s actions against DeFi, non-custodial wallets
Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets
Regulation

Senator Lummis ‘deeply concerned’ about the Biden administration’s actions against DeFi, non-custodial wallets

2024-05-01No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Senator Cynthia Lummis expressed deep concern about the Biden administration’s recent actions, which she views as a threat to the principles of the Bitcoin network and the broader DeFi sector.

In a rack Released on May 1, Lummis criticized the Department of Justice’s (DOJ) latest legal interpretations, which state that non-custodial software platforms – such as wallets – could be regulated as money transfer services.

According to Lummis, this position contradicts existing Treasury Department guidance and undermines the rule of law and basic American property rights. She said:

“The Department of Justice’s hyper-aggressive argument that non-custodial software can be a money transmission service contradicts existing Treasury guidance and common sense, and violates the rule of law.”

She further emphasized that such interpretations threaten the core of individual freedom regarding the ownership and management of digital assets.

‘Your keys’

Lummis, an outspoken proponent of crypto in Congress, argued that the ability to hold one’s own cryptographic keys and operate a personal node is a crucial aspect of digital property rights. She added that she remains committed to vigorously defending these rights and said:

“I will do everything I can to fight for your rights to own your own keys and run your own node.”

The senator’s concerns highlight ongoing debates within federal regulatory circles over the best approach to integrate crypto into the U.S. financial system without stifling innovation or violating individual freedoms.

The issue has become increasingly relevant as Bitcoin and other digital assets gain mainstream acceptance and spark discussions about appropriate regulatory frameworks.

The DOJ’s interpretation has sparked significant backlash among crypto advocates, who argue that such regulatory measures could have chilling effects on the development of the DeFi ecosystem. They believe that excessive regulation could stifle innovation and limit the U.S.’s potential growth as a leader in the digital finance industry.

See also  Rabbit LaunchPad partners with BG Chain to power decentralized gaming and DeFi

Legal experts are divided on the issue, with some suggesting the DOJ’s position is necessary to prevent illegal activities often associated with decentralized platforms, such as money laundering and fraud. Others argue that the federal approach needs more nuance to protect consumers and the entrepreneurial spirit of the fast-growing sector.

Mentioned in this article



Source link

actions Administrations Biden concerned deeply DeFi Lummis Noncustodial Senator Wallets
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Russia plans to intervene Crypto in new action against local payments

2025-05-21

According to Senator Hagerty, these crypto entities will be the biggest holders of American treasury in the world

2025-05-21

US Senate promotes genius law in the midst of dual support

2025-05-21

Huiscommissie Press JPMorgan Chase, Bank of America to give Major Hong Kong Deal

2025-05-21
Add A Comment

Comments are closed.

Top Posts

BlackRock ETF Trades With Full Effect For Bitcoin As US Investors Actively Accumulate BTC, Says On-Chain Analyst

2023-07-10

CoinGecko Reveals the Top 7 Trending NFTs, ChameleonTravelClub Leads the Pack

2024-12-29

Unstoppable reaches 4 million registered domains! 🚀

2024-10-15
Editors Picks

Why Solana is likely to trade between $50 and $60 in December

2023-12-01

SEC Sets Strict Deadline for Final Changes to Spot Bitcoin ETFs, Confirms First Wave of Approvals Will Happen in January

2023-12-24

The Azuki ‘Satoshi Nakamoto’ hoodie is tokenized on both Bitcoin and Ethereum

2024-05-22

Dogecoin shakes off shorts to hit a month-long high

2023-07-05
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

XRP – Price coil for an outbreak – is the next leg on hands?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,641.630.39%
  • ethereumEthereum(ETH)$2,478.68-0.61%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.350.22%
  • binancecoinBNB(BNB)$664.932.83%
  • solanaSolana(SOL)$167.38-0.06%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2253381.56%
  • cardanoCardano(ADA)$0.751.96%
  • tronTRON(TRX)$0.269411-1.42%
  • suiSui(SUI)$3.88-0.15%
  • chainlinkChainlink(LINK)$15.741.25%
  • avalanche-2Avalanche(AVAX)$22.732.46%
  • hyperliquidHyperliquid(HYPE)$27.084.01%
  • stellarStellar(XLM)$0.2887321.98%
  • shiba-inuShiba Inu(SHIB)$0.0000140.88%
  • hedera-hashgraphHedera(HBAR)$0.1945540.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.800.56%
  • bitcoin-cashBitcoin Cash(BCH)$400.272.96%
  • the-open-networkToncoin(TON)$3.05-0.73%
  • polkadotPolkadot(DOT)$4.681.37%
  • litecoinLitecoin(LTC)$95.341.25%
  • moneroMonero(XMR)$372.307.52%
  • bitget-tokenBitget Token(BGB)$5.180.55%
  • piPi(PI)$0.819.29%
  • pepePepe(PEPE)$0.0000144.80%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.094.49%
  • bittensorBittensor(TAO)$426.742.99%
  • aaveAave(AAVE)$248.81-4.92%
  • nearNEAR Protocol(NEAR)$2.802.24%
  • aptosAptos(APT)$5.182.00%
  • okbOKB(OKB)$52.160.39%
  • ondo-financeOndo(ONDO)$0.951.77%
  • kaspaKaspa(KAS)$0.1118432.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.156.25%
  • ethereum-classicEthereum Classic(ETC)$18.592.36%
  • internet-computerInternet Computer(ICP)$5.241.80%
  • gatechain-tokenGateToken(GT)$21.510.27%
  • crypto-com-chainCronos(CRO)$0.0960490.19%
  • mantleMantle(MNT)$0.74-1.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2356932.24%
  • vechainVeChain(VET)$0.0283022.19%
  • render-tokenRender(RENDER)$4.671.69%
  • ethenaEthena(ENA)$0.3912795.66%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • arbitrumArbitrum(ARB)$0.3991572.57%
  • algorandAlgorand(ALGO)$0.2250622.23%
  • cosmosCosmos(ATOM)$4.903.44%
  • bitcoinBitcoin(BTC)$106,641.630.39%
  • ethereumEthereum(ETH)$2,478.68-0.61%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.350.22%
  • binancecoinBNB(BNB)$664.932.83%
  • solanaSolana(SOL)$167.38-0.06%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2253381.56%
  • cardanoCardano(ADA)$0.751.96%
  • tronTRON(TRX)$0.269411-1.42%
  • suiSui(SUI)$3.88-0.15%
  • chainlinkChainlink(LINK)$15.741.25%
  • avalanche-2Avalanche(AVAX)$22.732.46%
  • hyperliquidHyperliquid(HYPE)$27.084.01%
  • stellarStellar(XLM)$0.2887321.98%
  • shiba-inuShiba Inu(SHIB)$0.0000140.88%
  • hedera-hashgraphHedera(HBAR)$0.1945540.29%
  • unus-sed-leoUNUS SED LEO(LEO)$8.800.56%
  • bitcoin-cashBitcoin Cash(BCH)$400.272.96%
  • the-open-networkToncoin(TON)$3.05-0.73%
  • polkadotPolkadot(DOT)$4.681.37%
  • litecoinLitecoin(LTC)$95.341.25%
  • moneroMonero(XMR)$372.307.52%
  • bitget-tokenBitget Token(BGB)$5.180.55%
  • piPi(PI)$0.819.29%
  • pepePepe(PEPE)$0.0000144.80%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.094.49%
  • bittensorBittensor(TAO)$426.742.99%
  • aaveAave(AAVE)$248.81-4.92%
  • nearNEAR Protocol(NEAR)$2.802.24%
  • aptosAptos(APT)$5.182.00%
  • okbOKB(OKB)$52.160.39%
  • ondo-financeOndo(ONDO)$0.951.77%
  • kaspaKaspa(KAS)$0.1118432.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.156.25%
  • ethereum-classicEthereum Classic(ETC)$18.592.36%
  • internet-computerInternet Computer(ICP)$5.241.80%
  • gatechain-tokenGateToken(GT)$21.510.27%
  • crypto-com-chainCronos(CRO)$0.0960490.19%
  • mantleMantle(MNT)$0.74-1.02%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2356932.24%
  • vechainVeChain(VET)$0.0283022.19%
  • render-tokenRender(RENDER)$4.671.69%
  • ethenaEthena(ENA)$0.3912795.66%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • arbitrumArbitrum(ARB)$0.3991572.57%
  • algorandAlgorand(ALGO)$0.2250622.23%
  • cosmosCosmos(ATOM)$4.903.44%