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
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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
Sen. Warren queries SEC chair on lack of crypto investor protection
Senator and former United States presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country.According to Reuters, Warren has written to Gary Gensler, chairman of the U.S. Securities and Exchange Commission, demanding answers about the scope of the SEC’s crypto oversight in the area of consumer protection.In … [Read more...] about Sen. Warren queries SEC chair on lack of crypto investor protection