Wyoming Senator Cynthia Lummis – among the lawmakers in America to introduce legislation supporting crypto – is reportedly seeking to roll out a comprehensive bill in 2022, focusing on virtual assets. 

Specifically, Bloomberg reportedly revealed via a report that the bill rolled out by Lummis has a primary goal of offering regulatory clarity on stablecoins, providing instructions for regulators regarding cryptos falling into different asset classes, as well as consumer protections. 

Moreover, the U.S. senator reportedly put up a proposal for establishing an organization under the joint jurisdiction of the Securities and Exchange Commission and the Commodity Futures Trading Commission, in charge of supervising the crypto market.

Via Twitter, Lummis reportedly urged  U.S. voters to try to get their respective senators to throw their weights behind the bill, claiming that she was seeking bipartisan cosponsors. 

The Wyoming senator reportedly collaborated with Democrats Mark Warner and Kyrsten Sinema in the past, in a bid to “fix” the definition of broker in the infrastructure bill signed into law in November.

Any legislation moved forward to the Senate would have the likelihood of needing the support of a minimum of 60 lawmakers to be put to a vote. 

Currently, Democrats control 50 out of the 100 seats in the Senate, with Vice President Kamala Harris having the power to act as a tiebreaker if necessary.

Lummis – known for her supporting stance towards Bitcoin prior to her election to the Senate – reportedly revealed her completed initiative to acquire an equivalent amount of between $50,001 and $100,000 in Bitcoin, as part of the Stop Trading on Congressional Knowledge Act.

Additional congressional members reporting crypto exposure in their investment portfolios reportedly include Illinois Representative Marie Newman, Texas Representative Michael McCaul, Pennsylvania Representative Pat Toomey, Alabama Representative Barry Moore, New Jersey Representative Jefferson Van Drew and Florida Representative Michael Waltz.