Cynthia Lummis News

14.03 / 01:11

business Stablecoin Circle Banks TradFi NOT Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director

Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets.

09.03 / 00:05

Law Stablecoin regulation Congress Crypto bill draft will be released in April, says Senator Gillibrand

According to United States Senator Kirsten Gillibrand, a new draft of the bipartisan crypto bill pioneered by herself and Senator Cynthia Lummis will be released to the new Congress after being deferred in 2022.

03.03 / 15:57

FIVE Digital SEC accounting lawmakers safe U.S. lawmakers argue SEC accounting policy undermines safe crypto custody

Two Republican lawmakers who have been central to the United States Congress’ continuing efforts to regulate cryptocurrency are questioning policies governing how financial firms handle crypto accounting in the country.

03.03 / 09:35

business regulation SEC coinbase Banks banking Digital Asset accounting lawmakers Customers U.S. lawmakers argue SEC accounting policy places crypto customers at risk

Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at greater risk of loss.

24.02 / 18:05

Government Adoption Investments us government Pensions Retirement Bitcoin retirement plans elicit caution from regulators

Even as the crypto market continues to forge an impressive recovery from the 2022 bear market, the industry continues to attract the wrath of regulators worldwide, especially in the United States. Three U.S. financial watchdogs recently issued stern warnings to individuals looking to invest in retirement funds offering exposure to digital assets.

21.02 / 18:17

Blockchain Altcoin CEO Compilation Discover Cointelegraph diving Cointelegraph 2023 Top 100: Diving into the top 10

Feb. 21 lifts the curtains on numbers 4–10 of the most impactful crypto and blockchain sector players, according to Cointelegraph’s 2023 Top 100 list.

16.02 / 01:27

regulation Congress Retirement lawmakers US lawmakers US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts

Alabama Senator Tommy Tuberville has reintroduced legislation aiming to allow United States 401(k) retirement plans to include exposure to cryptocurrencies.

01.02 / 00:47

regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.

30.01 / 23:15

regulation Senate Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30

Even though this winter continues to stress test the case for Bitcoin (BTC) advocation, some lawmakers strive to put their names on the crypto hot list among the likes of United States Senators Cynthia Lummis and Pat Toomey. State Senator Wendy Rogers, 68, introduced two bold bills in the Arizona legislature. One focuses on making BTC legal tender in the U.S. state. If passed into law, BTC will have the same status as the U.S. dollar, becoming an accepted medium of exchange for debt payment, public charges, taxes and dues in the state. The bill is not Rogers’ first attempt at making BTC legal tender, with a similar bill defeated in 2022.

27.01 / 04:11

Adoption Payments Food Congress Senate US Senator Ted Cruz pushes for crypto in Congress... using snacks

Texan Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.

14.01 / 20:51

FTX DOJ Ftx Trial DOJ Opposes Law Firm Tasked With FTX Investigation for Conflict of Interest

The US Department of Justice has opposed FTX hiring Sullivan & Cromwell, the law firm currently tasked with the exchange's investigation, citing potential conflicts of interest.

12.01 / 10:53

business regulation Court Lawyers letter Judge slams senators’ letter against FTX lawyers as ‘inappropriate’

The judge handling FTX’s bankruptcy has reportedly slammed a joint letter from four United States senators calling for an independent examiner in the case.

10.01 / 22:55

regulation Congress Bankruptcy lawmakers US lawmakers US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case

A group of four United States senators have criticized one of the law firms involved in the bankruptcy case of crypto exchange FTX for conflicts of interest.

02.01 / 23:21

Law stocks Congress lawmakers US lawmakers US lawmakers could consider stock trading ban in next session of Congress

Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or crypto — an initiative the 118th Congress could address following a shift in leadership.

21.12 / 00:29

Law SEC Congress 4 legislative predictions for crypto in 2023

If you saw the returns in my crypto portfolio this year, you would take a pass on my predictions for the direction of the cryptocurrency market. So, I will stick to what I know and share some regulatory predictions for the crypto industry.

13.12 / 09:15

business regulation Senate Retirement Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans

Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls from her senator peers otherwise.

13.12 / 07:11

business Government Twitter Fried Sam Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest

Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.

29.11 / 06:15

Government Blockchain Twitter Bitcoin Calls for regulation get louder as FTX contagion continues to spread

Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry.

22.11 / 01:43

business Conference High sentiment in FTX's shadow: event recap for Texas Blockchain Summit

Apparently, not everything is bigger in Texas. At least not in the days following a major crypto exchange declaring bankruptcy.

19.11 / 20:33

Blockchain regulation Miami's next big Web3 summit announces packed agenda featuring high-profile speakers

The leading institutional Web3 summit will kick off in Miami soon — and has attracted high-profile speakers from across TradFi and Web3.

15.11 / 13:45

Middle east Elections Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash

Last week was tough — the alarming series of crypto meltdowns continued with the failure of FTX, one of the biggest exchanges on the market. The crypto industry’s very own “Lehman Brothers moment” pushed regulators to react. United States Senator Cynthia Lummis, famous for her openly pro-crypto position, promised deliberate with her colleagues on whether there was market manipulation, while Maxine Waters, chair of the United States House of Representatives Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection.

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