Senator Ramis says we are “waking up” in code after historic legislative week

After years behind global competitors, the US may eventually catch up with crypto policy, according to Senator Cynthia Ramis.

In the latest episode of “Decentralization with the Cointelegraph,” the Wyoming Senator said recent developments mark a turning point.

Milestones and advances

“There were at least two important milestones,” Lummis said in Congress last week’s so-called “Crypto Week.”

The first is a genius law law that approves payment stability, which went to President Trump’s office and was officially signed into law. The second clear law goes to the Senate for consideration.

Ramis, who co-authored the draft of the Senate market structure, praised the advancement. “We’ve been getting crafts and feedback for four years,” she said. “We’re now at the forefront, but this was in the development stage.”

In particular, she highlighted growing bipartisan support.

“We had to do some extra listening, changes, corrections…but we got a good solid vote… (and) we’re working very hard to keep this a bipartisan product.”

The Senators also discussed what would clarify the Senate bill. “We highlighted what we call supplementary assets, which is a way to help you determine what security (or) is,” she explained.

Related: US Cryptography drives a $400 million surge in stable supply

Crypto and beyond

Beyond Crypto, Lummis also worked on her new AI-centric law, the Rise Act. “AI falls under the jurisdiction of the Commerce Commission,” she said.

The bill focuses on liability protection and expert responsibility. “If some of that information is generated by AI and… it’s false, experts are obligated to review it,” she said. “We want to make sure we also provide modeling information.”

Ramis asked what message she had for crypto builders who might have given up on the US:

“Don’t lose faith. We are awake. President Trump has expressed his desire to make America the world’s digital asset capital.

For a complete interview with Cointelegraph’s podcast page, Apple Podcasts and Spotify, listen to the complete episode of Byte Size Insights. And don’t forget to check out the full lineup of other shows on Cointelegraph!

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