Tagged: cynthia lummis

SEC Chairman Tells Senate Banking Committee Cryptocurrencies are Securities, Takes Heat on Climate Disclosure Proposal

SEC Chairman Gary Gensler testified in front of the Senate Banking Committee today, reiterating his opinion that in regards to digital assets  (or crypto assets) that the vast majority are securities. The exception being Bitcoin, and perhaps Ethereum – which entail much of the crypto… Read More

Representative McHenry and Senator Lummis tell EPA to Consider Benefits of Crypto Mining

Senator Cynthia Lummis and Representative Patrick McHenry, along with several other elected representatives, have sent a letter to Michael Regan,  the Administrator ot the Environmental Protection Agency (EPA), telling the official to consider the benefits of crypto mining before considering any regulation that could impact… Read More

Darren Sandler, Republic Crypto Lead Counsel: The Responsible Financial Innovation Act is a Big Step in the Right Direction

Earlier this month, US Senators Kirsten Gillibrand and Cynthia Lummis revealed their long-anticipated legislation aiming to provide a clearcut regulatory regime for the digital asset industry. The language of the bill represents a comprehensive approach for crypto including digital securities, stablecoins, and more while selecting… Read More

Competitive Enterprise Institute Securities Expert on Crypto Legislation: “It will have many positive effects”

John Berlau, a securities and regulatory expert at the Competitive Enterprise Institute (CEI) has shared his initial thoughts on the bi-partisan legislation posted today by Senators Kirsten Gillibrand and Cynthia Lummis. Berlau, long a supporter of beneficial Fintech innovation believes the legislation is a solid… Read More

Blockchain Intelligence Group: Crypto Legislation is Substantial, Gives More Oversight to CFTC

Earlier today, Senators Cynthia Lummis and Kirsten Gillibrand revealed their bi-partisan legislation to apply regulatory clarity to the growing digital asset ecosystem in the US. For years now, the crypto industry has desired bright-line rules to provide compliant offerings and regulated platforms, yet regulators have… Read More

Senator Kirsten Gillibrand and Senator Cynthia Lummis Officially Release Legislation for Digital Asset Regulatory Framework

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

Responsible Financial Innovation Act: Senator Lummis’ Draft Digital Assets Bill is Now Available

“To provide for responsible financial innovation and to bring digital assets fully within the regulatory perimeter.” The long-anticipated legislation crypto regulation proposal emanating from US Senator Cynthia Lummis has now been posted online. First revealed by the Block, the draft legislation aims at clarifying the… Read More

Digital Asset Supporter Senator Cynthia Lummis Warns About Pending Legislation that May Harm Crypto Ecosystem

Calling Democrat authored legislation a “direct attack on the digital asset industry, Senator Cynthia Lummis is warning industry participants and proponents alike that the America Competes Act (HR 4521) may decimate the crypto sector. In a series of tweets, Senator Lummis, well-known for her advocacy… Read More

Fed Chair Jerome Powell Sees No Problem with Private Stablecoins Existing Alongside CBDCs

Chairman of the Federal Reserve Jerome Powell spent much of yesterday testifying in front of the US Senate Banking Committee as part of his nomination process. It is anticipated that Powell will easily be approved by the Committee as well as the full Senate for… Read More

Senator Cynthia Lummis Plans Comprehensive Legislation for Crypto

Crypto proponent Senator Cynthia Lummis is planning “comprehensive” legislation for digital assets early next year. According to a report in Bloomberg, Senator Lummis, who has frequently voiced her support of digital asset innovation, will propose a bill that will clarify the regulatory status of the… Read More

Perspective: Crypto Should Divorce From the Progressive Movement

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

Infrastructure Bill with Language Damaging to Crypto Sector Passes the Senate

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

White House Aligns with Limited Crypto Amendment. Will Digital Asset Innovation be Doomed?

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

Senator Lummis Says Amendment to Save Crypto Innovation Facing Major Headwinds as Infrastructure Vote Looms

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

Senators Toomey, Wyden and Lummis Join to Submit Amendment to Infrastructure Bill to Protect Digital Asset Innovation

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

US Senate Innovation Caucus Provides Bipartisan Vehicle to Promote Fintech, Blockchain, AI and More

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

Gensler’s and Chopra’s Nominations to SEC and CFPB Move to Full Senate for Vote

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

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