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Senator Cynthia Lummis stands as a vocal supporter of the crypto community. In a bold stance, she criticized the Biden administration and regulatory bodies for their intensified scrutiny of the crypto market. As discussions on digital assets intensify, Lummis emerges as a key ally for the crypto industry, advocating for their interests amidst the regulatory […]
The proposed Responsible Financial Innovation Act (RFIA) bill has been uploaded to GitHub for the crypto community to give their recommendations about the bill.
The post Proposed Gillibrand-Lummis crypto Bill uploaded to GitHub for recommendations appeared first on CryptoSlate.
U.S. Senator Cynthia Lummis (R-WY) shared in an interview with CNBC on Tuesday that she believes Bitcoin is a decentralized commodity, and that the other crypto assets behave like securities.
As China continues to ban Bitcoin, the oldest crypto in the game is finding itself being spun up more and more in the United States, as certain politicians, like Wyoming’s Senator Lummis realize that her state and the country itself can take advantage of this massive moment to become the tip of the spear for […]
The post University of Wyoming begins mining Bitcoin appeared first on CryptosRus.
US Senator Cynthia Lummis wants the dollar to remain a world reserve currency, but believes that bitcoin (BTC) is playing a positive role as a store of value asset. The 66 year old Senator from Wyoming is actually HODLing for retirement, saying:
"I own #bitcoin because it’s a great store of value. I save it, so when I retire, I know it’s there."
Lummis also says the US government is actually promoting bitcoin - by accident. Citing how big spending, and printing money leads to inflation, and it's that fear of that inflation acts as a promotion for Bitcoin.
"Big gov spenders are (accidentally) doing far more to accelerate the adoption of digital assets than I am. The debasement of our currency is causing a flight to digital assets like bitcoin that are a store of value." she tweeted.
Says Bitcoin has performed well as 'store of value'...
Lummis said that she believes in bitcoin as a store of value asset, offering protection against fiat cash inflation. For this reason any laws passed in the US regarding crypto should continue to allow people access to digital currencies.
Regulations should also be clear and offer 'solid definitions' since a major criticism is that regulators have been inconsistent and unpredictable with their enforcement so far.
Miners Welcome...
Senator Lummis also invited miners recently shut down in China to relocate to the United States, specifically places like Pennsylvania, Texas, Wyoming, and elsewhere.
Cointelegraphs latest video breaks down the odds of the US creating a Bitcoin reserve in the next year and its potential impact on prices.
A crypto analyst warns that Bitcoins price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.
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 add supporting arguments to one [...]
The post Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC appeared first on Crypto Breaking News.
President Trump's "Digital Asset" Executive Order is not what we hoped for. Luckily, Senator Lummis is taking a better approach to establishing a Strategic Bitcoin Reserve.
Two U.S. senators have criticized the Securities and Exchange Commission’s (SEC) lawsuit against the biggest American cryptocurrency exchange, Coinbase. On June 6, the SEC filed a lawsuit stating that Coinbase violated securities laws by operating as an unregistered broker, exchange, clearing agency, and offering unregistered securities via its Staking Program. The regulator also alleged that […]
The post US senators slam SEC’s Coinbase lawsuit, demand clearer crypto regulations appeared first on CryptoSlate.
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