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Lummis Describes Responsible Financial Innovation Act’s Banking Provisions

Senator Cynthia Lummis said the Responsible Financial Innovation Act of 2026 would allow major U.S. banks to offer digital asset custody, staking, and payment services under regulatory supervision, according to Cointelegraph. Lummis described the legislation as aiming to connect traditional banking with blockchain-based services following years of debate over U.S. cryptocurrency regulation, Cointelegraph reported.
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