Stellar Development Foundation's Chief Legal Officer Candace Kelly praised Senators Lummis and Gillibrand's Responsible Financial Innovation Act as a bipartisan framework for crypto regulation, calling it a milestone for establishing clear legal guardrails that balance innovation with consumer protection.
Candace Kelly, Chief Legal Officer and Head of Policy and Government Affairs at the Stellar Development Foundation, responded positively to the Responsible Financial Innovation Act introduced by Senators Cynthia Lummis and Kirstin Gillibrand. Kelly highlighted the bill as a significant bipartisan breakthrough after previous regulatory proposals failed to gain sufficient support. She emphasized that the omnibus framework provides concrete language for developing legal guardrails that enable innovation while maintaining consumer protections. Kelly noted increased crypto policy activity at federal and state levels over the past six months and expressed SDF's commitment to collaborating with policymakers to shape regulatory pathways forward.