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The Latest Breaking News from Cynthia Lummis

Critics see risk in ‘algorithmic’ stablecoins

WASHINGTON — A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight.

Tribune News Service

Critics see risk in 'algorithmic' stablecoins - Roll Call

Critics see risk in 'algorithmic' stablecoins - Roll Call

Experts see risks in algorithmic stablecoins that market incentives to maintain a stable price against a currency such as the dollar.

Congress members tiptoeing into crypto raise conflict concerns

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

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Elizabeth Warren Compares Buying Bitcoin to 'Buying Air'

The Massachusetts senator also came out in favor of creating a central bank digital currency

Lawmakers see alternatives to Russian energy in their districts - Roll Call

With gas prices high and the world looking for alternatives to Russian energy, lawmakers are finding solutions in their own districts.

Federal Reserve Should Buy Bitcoin, Says Sen. Cynthia Lummis

The U.S. Federal Reserve should acquire Bitcoin (CRYPTO: BTC) and hold it on its balance sheet, according to Sen. Cynthia Lummis (R-WY).

How Cynthia Lummis, a rancher and grandmother, was crowned the Senate’s queen of crypto - Roll Call

For Cynthia Lummis, the Senate’s “crypto queen” and owner of somewhere between $170,000 and $230,000 worth of Bitcoin, it all started with a hunch. Not about blockchain technology’s still unproven promise to revolutionize finance or Bitcoin’s growth potential. “I was skeptical,” said Lummis, R-Wyo. “The notion of having something of…

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Crypto industry poised to play larger role in midterm campaigns

WASHINGTON — The 2022 elections will test whether the cryptocurrency industry, now more than five times its value in late 2020 and fired up by a tax provision enacted in November, will boost spending on political campaigns.

Tribune News Service

Crypto industry poised to play larger role in midterm campaigns - Roll Call

Crypto industry poised to play larger role in midterm campaigns - Roll Call

The crypto currency industry contributed far more money to candidates in 2021 than in 2019, a sign of its growing market value.

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