United States Senator Cynthia Lummis has restated the growing support for crypto assets in Congress following recent wins marked by the industry. In a May 23 post on X (formerly Twitter), the pro-crypto legislator wrote that a pro-industry army is in the works in Congress.

"We are building a pro-crypto army in Congress."

This statement has sparked a social media frenzy around crypto spaces as users laud lawmakers' broader efforts. The community still awaits more regulations to prevent excess lawsuits between crypto firms and the Securities and Exchange Commission (SEC).

Although the market is optimistic based on the recent turnaround of some lawmakers, skeptics fear the fate of the FIT21 crypto bill in the Senate.

Sen Cynthia Lummis Hails Two Crypto Wins

Sen Cynthia Lummis's comments come from two significant wins for digital assets.

Last week, the United States Senate overturned the Gary Gensler-led SEC's SAB 21, which imposes harsh rules on financial institutions seeking to become crypto custodians.

In her reaction, Senator Lummis posted a picture with Bitcoin laser eyes with the caption, "We are so back." The move ignited the belief that lawmakers are now turning towards friendlier policies.

This week, most of the House of Representatives voted to establish regulatory clarity in the market. Both Republican and Democratic lawmakers voted in favor of FIT21 legislation.

Although the bill faces potential backlash in the Senate, it underscores the change in the status quo.

"The passage of FIT21 proves there is strong, bipartisan support in Congress for creating a regulatory framework for the crypto industry," Sen Lummis added.

Anti-Crypto Lawmakers Might Delay Rules

Unlike Sen Lummis, Sen Warren and others have actively criticized crypto, calling for stringent regulations.

According to Warren, crypto use in financing terror and other illegal financial activities remains high, restating efforts to protect consumers.

Other lawmakers have voiced concerns over FIT21. Rep Maxine Waters termed it the most harmful proposal in a long time, as it will deregulate crypto, which can lead to a market crash.

The ongoing debate highlights the tension within Congress regarding crypto regulations. While some lawmakers push for a more favorable environment, others call for stricter measures to protect the financial system.