In a January 1 post, U.S. Senator Cynthia Lummis outlined the Responsible Innovation in Financial Services Act of 2026, signaling a pathway for large banks to offer digital asset custody, staking, and payments within a clearly defined regulatory framework. The bill would align crypto activities with mainstream banking standards, aiming to boost institutional participation while reinforcing consumer protections and risk controls across the financial system.
Senator Lummis asserted that digital assets are an integral part of the financial system, and bringing them into regulated banking can unlock growth potential while safeguarding consumers. The proposal emphasizes enhanced oversight, transparent operations, and risk management for digital asset services as the ecosystem evolves.
Source: https://en.coinotag.com/breakingnews/lummis-promotes-2026-responsible-innovation-act-regulated-digital-assets-in-banking-to-enable-custody-staking-and-payments
