Senators Cynthia Lummis and Kirsten Gillibrand on the Responsible Financial Innovation Act

The senators discuss how the bill came together, and why crypto remains bipartisan.

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ABOUT

This episode is sponsored by Nexo.io, NEAR and FTX US.

Today on “The Breakdown,” U.S. senators Cynthia Lummis and Kirsten Gillibrand join NLW to discuss their recently released legislation, the Responsible Financial Innovation Act. They discuss:

How Sen. Gillibrand came to be interested in the topic
How “ancillary assets” came to be defined for digital assets
The bill’s approach to investor protections
Stablecoins versus central bank digital currencies

And much more.

Find our guests on Twitter:

@SenLummis

@SenGillibrand

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.