finance
Senator Lummis Says Digital Asset Firms Relocate Abroad Due to Congressional Inaction
Senator Lummis stated that digital asset companies continue to move operations offshore each day because Congress has not passed legislation. The comment was posted on X.
May 20, 2:50 PM·1m read1 source
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Senator Lummis posted on X that digital asset companies are relocating operations outside the United States every day. The senator attributed the moves to the absence of congressional legislation on digital assets.
The post did not name specific companies or provide data on the number of firms that have relocated. It also did not outline any proposed legislation or timeline for congressional action.
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