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The Latest Breaking News from Cynthia Lummis

The case for a strategic Bitcoin reserve

A Bitcoin reserve could both reduce the national debt and thwart attempts by U.S. rivals to create a competing currency.

Fortune

Happy Bitcoin $100K Day: Here's How Nayib Bukele, Brian Armstrong, And Peter Schiff Reacted To The Historic Milestone

Bitcoin (CRYPTO: BTC), some sixteen years after its inception as a lesser-known decentralized digital money, is now worth over $100,000. Yes, you heard it right!

Benzinga

Can Your Bitcoin Be Confiscated If Trump Establishes A National Reserve? Analyst Says Government Can Employ Carrot-And-Stick Policy

The expectations of a U.S. strategic Bitcoin (CRYPTO: BTC) reserve have skyrocketed following Donald Trump's presidential victory, with the cryptocurrency sector firmly behind the ambitious idea.

Benzinga

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Peter Schiff Says The Bitcoin Reserve Bill Gets Plenty Of Attention, But Not On Capitol Hill — Questions Lack Of Co-Sponsors

Renowned economist Peter Schiff, on Monday, questioned the government’s plans to set up a strategic Bitcoin (CRYPTO: BTC) reserve, pointing out the lack of support in Congress.

Benzinga

Senate Republicans Meet With Pete Hegseth To Discuss Defense Vision

Senate Republicans support Pete Hegseth's vision for the Department of Defense despite personal allegations.

Top News

Why Bitcoin's Institutionalization Is 'A Concern'

Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks.

Benzinga

Donald Trump To Establish A National Bitcoin Reserve? Pros Vs Cons Compared

President-elect Donald Trump is considering a proposal to establish a national Bitcoin reserve, a move that could intertwine cryptocurrency with U.S. fiscal strategy.

Benzinga

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In US First, Pennsylvania Lawmaker Introduces State Bitcoin Strategic Reserve Act

Pennsylvania Rep. Mike Cabell introduced the Pennsylvania Bitcoin Strategic Reserve Act, which will allow the state's treasury to invest up to 10% of the state's $7 billion fund into $BTC, utilizing the cryptocurrency as a hedge against inflation.

International Business Times

Pro-Bitcoin Senator Proclaims US Will Establish $BTC Reserve After Trump Win

Sen. Cynthia Lummis, an ally of Donald Trump, reaffirmed that the U.S. will establish a Bitcoin strategic reserve after the GOP frontrunner secured the needed electoral votes for the presidency.

International Business Times

Bitcoin Surges Above $76K, Allowing $UNI, $ETH To Outperform $BTC In Election Day Aftermath

Bitcoin has set a new all-time high just a day after passing its previous ATH, and the spike sent other altcoins on an uptrend, giving them space to outperform $BTC amid celebrations for Donald Trump's presidential victory.

International Business Times

The Perils of Trump's Proposed Bitcoin Strategic Reserve

In 2021 Trump called bitcoin a "scam" but he seems to have realized his political coalition includes cryptocurrency enthusiasts.

Reason

Trailblazers Unleashed: Unstoppable Women Of Web3 Crowns Most Inspirational Women In Web3, AI

Unstoppable Women of Web3 has unveiled the 2024 list of the most inspirational women in the Web3 and AI fields, showcasing the key role female leaders play in moving high technology forward.

International Business Times

Bitcoin Can 'Wipe Out' Debt? Trump Says US Should Be World's $BTC Leader

Donald Trump has once again pumped the Bitcoin community as he said the world's top digital asset can be used to help pay off U.S. debt – some Bitcoiners are displeased with the idea that $BTC will be used for the government's debt-paying activities.

International Business Times

Senate swoops in, centuries late, to name bald eagle national bird - Roll Call

The Senate passed a bill to designate the bald eagle as the national bird after research showed it had never been officially chosen.

Roll Call

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International Business Times

Bitcoin 2024 Key Takeaways: $BTC-Centric Executive Orders, Strategic Reserve Bill, Firing Gensler

Bitcoin 2024 in Nashville has ended, but talks around the massive announcements during the conferences continue, especially with promises made by two presidential candidates, as well as a potential bill to make $BTC a U.S. strategic reserve asset.

International Business Times

Bitcoin As A Reserve Asset Is 'Possible' But Difficult To Pull Off: Expert

Bitcoin has been called many things – the future of money, the catalyst of a financial revolution, and a hedge against inflation, but in recent days, it has been floated as a potential strategic reserve asset for the U.S.

International Business Times

After House, Senate Votes To Revoke Contentious SEC Crypto Custody Bulletin

The Senate has followed suit after House members voted in favor of Rep. Flood's resolution revoking SAB 121, which has been at the center of criticism from the crypto industry.

International Business Times

Senator Blasts DOJ's Stance Over Self-Custody Crypto Wallets

Sen. Lummis, who has called for regulations that do not stunt innovations in the crypto space, on Wednesday called out the Biden administration for criminalizing the "core tenants of the Bitcoin network."

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Roll Call

Senate looks to clear aid bill Tuesday night with no amendments - Roll Call

Senate leaders decided to power through opponents' speechifying in hopes of clearing aid for Ukraine, Israel and Taiwan by Tuesday night.

International Business Times

Crypto Group, US Chamber Of Commerce Back Coinbase Call For Clear SEC Crypto Rules

Coinbase challenged the SEC last year after the regulator filed a lawsuit against the crypto exchange, and now more industry and business groups are tuning in – a growing number of them on Coinbase's side.

International Business Times

US Lawmakers Move Resolution To Repeal SEC's Crypto Custody Accounting Rule

A group of U.S. lawmakers are calling on the SEC to repeal its controversial SAB 121 policy that requires digital assets custodians to report liabilities and assets on their balance sheets.

International Business Times

SEC Chair Gensler Claims Isolation of X Account Hack Amidst Mounting Political Pressure From Lawmakers

A parliament of Senators immediately demanded an answer from the SEC following the security incident that led to false yet market-moving information.

International Business Times

Tether's Letter To Lawmakers Reveals It 'Recently Onboarded' Secret Service On Its Platform

In October, Sen. Cynthia Lummis and Rep. French Hill urged Attorney General Merrick Garland "to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism."

Fortune

Sen. Gillibrand wants her fellow Democrats to get on board with crypto legislation

Digital asset regulation has become a partisan issue, especially as a government shutdown looms.

WEKU

Senate pickleball caucus leaves politics off the court

Some bipartisan senators are picking up paddles and trying out America's fasting growing sport as a way to build relationships. They're trading partisan barbs for friendly competition.

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