There is a real drive on Capitol Hill to figure out how to define and regulate cryptocurrency and protect consumers. One such effort comes from Democratic Senator Kirsten Gillibrand (NY) and Republican Senator Cynthia Lummis (WY). They are proposing legislation to clarify the roles of how two different government agencies would divvy up the crypto landscape. Their bill also contains a proposal for regulating crypto mining. But can it pass? And how would it work? Bloomberg reporter Allyson Versprille joins to talk it through.See omnystudio.com/listener for privacy information.

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