Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as the new watchdog: a self-regulatory organization administered by the executive … [Read more...] about Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill
Lummis
Most Influential : Cynthia Lummis
Lawmakers continue to ask questions about digital assets. Last week, Sen. Sherrod Brown (D-Ohio), chairman of the Senate Banking Committee that Lummis also sits on, sent open letters to a number of stablecoin issuers, asking for details about their operations, consumer protection efforts, governance and issuance. Source link … [Read more...] about Most Influential : Cynthia Lummis
Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Crypto-friendly Wyoming Senator Cynthia Lummis has expressed significant concerns about the crypto track records of President Joe Biden’s nominees to head up the Federal Reserve for its next term, current Fed chair Jerome Powell and Fed governor Lael Brainard. As a result, she is likely to oppose the nominations and rally other Senators against them unless the Fed addresses her … [Read more...] about Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
“We need to be fostering innovation, not stifling it, if we are going to maintain America’s position as the global financial leader,” Lummis said in a statement. “I’m proud to introduce this bipartisan bill to ensure that our tax system reflects the realities of digital assets and distributed ledger technology.” Source link … [Read more...] about Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
Senator Cynthia Lummis excited to buy the Bitcoin dip
United States Senator Cynthia Lummis, a Republican from Wyoming, took advantage of a deeply discounted Bitcoin (BTC) price this week by adding to her holdings. In the wake of yet another major price correction for crypto assets, Lummis told Fox News Wednesday that she’s “excited to buy the Bitcoin dip.” U.S. Senator, @CynthiaMLummis, "I'm excited to buy the #bitcoin dip" … [Read more...] about Senator Cynthia Lummis excited to buy the Bitcoin dip