United States Republican Senator Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of the Chamber of Digital Commerce, Perianne Boring, during the Bitcoin 2023 event in Miami on May 19.The topics of discussion were the importance of Bitcoin (BTC) to U.S. national and energy security and BitcoinCatchcleansCriminalsCynthiaEnvironmentHelpsLummisSenator Read More
So it's more robust, I would say. [The legislation has] been on a diet and it's been on exercise, so it's meatier and a little shorter, but we also have tried to address some issues that we think are important to address. From the original bill where we were proposing BillCryptoCryptoCurrencyCynthiaLummisPlansQueenSenator Read More
The Wyoming Republican says the second-largest cryptocurrency was transformed by the Ethereum Merge.
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The feud between the CEOs of crypto exchanges FTX and Binance — Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao — not only crashed cryptocurrency prices but also reminded regulators to step in and avoid similar fallouts in the future.Ever since CZ publicly announced Binance’s intent to liquidate its FTX Token ClearFTXBinanceHighlightsLummisRulesSenStandoff Read More
As the world waits to see America’s take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator Cynthia Lummis. Her proposal with Senator Kirsten Gillibrand, which we’ve all been waiting for action on, is bipartisan in nature.We’re still awaiting the final details, but BitcoinCryptocryptoexchangeCynthiaExchangesindustryLummisRegulationTrust Read More
A United States Senator Cynthia Lummis staffer believes that United States Congress will have to step in and resolve the dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates cryptocurrencies if the matter cannot be resolved internally. The issue stems from 2014, BitcoinCongressCryptocryptoexchangeDecideExchangesFateJurisdictionLummisStaffer Read More
MicroStrategy CEO Michael Saylor believes Bitcoin will benefit from the regulatory clarity initiated through the crypto bill by Senators Lummis and Gillibrand.
Mr. Saylor says that such regulatory clarity will facilitate and accelerate the participation of traditional institutional investors.
The proposed crypto bill sets to streamline hurdles such as stablecoins, taxes, DeFi, BelievesbenefitBitcoinClarityGillibrandInitiatedLummisMicroStrategysRegulatorySaylorSenators Read More
Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation — but confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities. Lummis and Gillibrand both agreed with Securities and Exchange Commision Chair Gary Gensler’s assessment that most cryptocurrencies AltcoinsGillibrandLummisSecuritiesState Read More
“We are truly committed to creating the type of baseline and framework legislation that will allow this industry to grow, allow it to flourish,” said Gillibrand, a New York Democrat. “The best thing we can do for all these businesses is to bring clarity.”
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United States Senator Cynthia Lummis appeared on a livestream hosted by Axios on Tuesday to tease the highly awaited bill on cryptocurrency she is authoring. The Wyoming Republican said the bill will be introduced as “one big piece so people can see the big picture” and be broken down into BillBitcoinCryptocryptoexchangeExchangesincludedLummisNFTsSenTeasesUpcomingWont Read More