Tagged: cynthia lummis

September 7, 2021 @ 7:56 am By Paul H. Jossey  |  

Progressives should love cryptocurrency, the latest innovation that brings power to the people. Turns out, they don’t. Perhaps surprisingly, it is precisely because crypto circumvents the corporate, permissioned, speech-controlled online world that angers progressives. Crypto threatens to nix not just the corporation but also the… Read More

August 10, 2021 @ 5:02 pm By JD Alois  |  

Earlier today the US Senate voted on a massive bill that, while labeled infrastructure, included a cornucopia of pet projects and unrelated policy goals. Squirreled away in the legislation was language designed to raise revenue by taxing crypto transactions as well as broadly defining the… Read More

August 6, 2021 @ 6:10 pm By JD Alois  |  

Following the kerfuffle regarding the infrastructure bill’s inclusion of a broad definition of brokers in regards to digital assets, the blockchain industry joined in roundly criticizing the language as being extreme to the point of undermining crypto innovation. Soon, several Senators partnered to create a… Read More

August 6, 2021 @ 3:02 pm By JD Alois  |  

Infrastructure used to mean roads, airports, bridges, etc. Today, infrastructure, as defined by our elected representatives, means oh so much more. The massive spending bill being foisted upon the populace by Congress is still being dissected but one area that it may impact is digital… Read More

August 4, 2021 @ 10:00 pm By JD Alois  |  

Three US Senators have joined together to submit an amendment to the infrastructure bill to protect digital asset innovation. Senators Pat Toomey, Ron Wyden, and Cynthia Lummis have filed the change to clarify the definition of a broker in regards to reporting requirements impacting crypto… Read More

June 4, 2021 @ 5:00 pm By JD Alois  |  

Last week, an official announcement was issued by Senators Cynthia Lummis and Kyrsten Sinema regarding the launch of the US Senate Financial Innovation Caucus. Senators John Hickenlooper, Tim Scott, Marsha Blackburn, Mike Braun, and Bill Cassidy, also joined the Caucus in a show of bipartisan… Read More

March 14, 2021 @ 7:30 pm By JD Alois  |  

Last week, the Senate Banking Committee voted to 14-10 to move forward with Gary Gensler’s nomination as the Chairman of the Securities and Exchange Commission. On the same day, the vote was taken on Rohit Chopra and his nomination as Director of the Consumer Financial… Read More