US Senator-elect rails against potential crypto wallet ruling By Cointelegraph

US Senator-elect rails against potential crypto wallet ruling

As per recent rumors, United States Secretary of the Treasury, Steven Mnuchin, could drop a stringent piece of crypto-related legislation before his expected exit at 2020’s end. The ruling could potentially severely limit or ban self-custodied digital asset wallets — a key component of the entire industry. Cynthia Lummis, a U.S. Senator-elect hailing from the crypto-friendly state of Wyoming, finds the ruling harmful.

“I spoke with Secretary Mnuchin last week and strongly pressed him for a better path forward,” Lummis said as part of a tweet thread on Friday, adding: