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The Latest Breaking News from Cynthia Lummis

New crypto oversight legislation arrives as industry craters

A bipartisan group of senators has proposed a bill to regulate cryptocurrencies

The Independent UK

Enforcement, Superfund nominees for EPA in confirmation limbo - Roll Call

Two nominees for high-ranking EPA positions are in procedural purgatory as Republicans aim to block their confirmations.

Roll Call

Crypto is melting down. Here's who's hurt

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Los Angeles Times

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There's a new plan to regulate cryptocurrencies. Here's what you need to know

Two senators have unveiled a new bill with bipartisan support. But skeptics are already warning it's a step backwards and is far too crypto-friendly.

WEKU

New Capitol Hill Legislation Would Make Crypto Payments Below This Amount Tax-Free

The Responsible Financial Innovation Act introduced by Sens. Cynthia Lummis and Kirstin Gillibrand would exempt cryptocurrencies that are below $200 from capital gains taxes.

Benzinga

SEC Chair Gensler Says Crypto Exchanges 'Operating Outside Of The Law': What You Need To Know

Securities and Exchange Commission Chair Gary Gensler spoke at the Piper Sandler Global Exchange and Fintech Conference on Wednesday. One of the topics Gensler discussed in the Q&A session was cryptocurrency regulation.

Benzinga

Crypto legislation comes into focus

The one thing that crypto companies and skeptics can agree on is that more regulation is needed, especially in the U.S.

Axios

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US Bipartisan Legislation Looks To Regulate Stablecoins And Protect Investors Following Terra Crash

With the bipartisan support of Sen. Kirsten Gillibrand (D-NY) and Sen. Cynthia Lummis (R-WY), the Responsible Financial Innovation Act was proposed earlier today.

Benzinga

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

Roll Call

Amid crypto turmoil, senators propose sweeping oversight

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets

The Independent UK

Security or Commodity? New Crypto Legislation to Provide Clarity

Sen. Cynthia Lummis (R-WY) and Sen. Kirsten Gillibrand (D-NY) will introduce on June 7 the Responsible Financial Innovation Act, which proposes integrating digital assets formally into the American financial systems.

Benzinga

Wyoming senator booed during graduation speech at alma mater after ‘two sexes’ comment

Republican Senator Cynthia Lummis, 67, was jeered while addressing University of Wyoming graduates

The Independent UK

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

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

Roll Call

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Tribune News Service

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.

Reason

Elizabeth Warren Compares Buying Bitcoin to 'Buying Air'

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

Roll Call

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.

Benzinga

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).

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Roll Call

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…

Tribune News Service

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.

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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