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Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission's lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to

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Senator Lummis urges clear crypto regulations after XRP ruling

Senator Cynthia Lummis, a Republican from Wyoming, has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that the Ripple-associated token XRP should not be considered a security. Senator Lummis highlighted that this ruling underscores the urgent need for Congress to

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U.S. Senator Thomas Tuberville Asks DOJ, SEC to Investigate Crypto Broker Prometheum

Prometheum "may have provided false testimony to Congress or violated U.S. securities laws," the open letter began. The lawmaker said Prometheum CEO Aaron Kaplan told Congress that it developed its own blockchain platform independently starting in December 2019. However, in SEC filings filed through 2021, Prometheum said it depended on

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U.S. Senator Chuck Schumer calls for ‘comprehensive’ AI legislation

The United States majority Senate leader Chuck Schumer plans to call for “comprehensive legislation” regarding safety measures for artificial intelligence (AI). Schumer has remarks planned for a meeting at the Center for Strategic and International Studies in Washington D.C. on June 21, during which he will highlight the urgency for bipartisan

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US senator revamps efforts for crypto regulations amid SEC lawsuits

With the rapid evolution and increasing adoption of cryptocurrencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her efforts to push for a positive regulatory framework are still in motion. Senator Lummis garnered praise from the crypto community on Twitter as she shared her

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