Cynthia Lummis News

17.06 / 20:39

proof-of-work Congress Bitcoin lawmakers US lawmakers US lawmakers urge EPA to consider the potential benefits of crypto mining

A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.

16.06 / 00:39

Target lawmakers crypto rules NOT SEC’s Gary Gensler warns lawmakers not to undermine wider markets with crypto rules

Securities and Exchange Commission chair Gary Gensler expressed concern 14 June that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets.

15.06 / 09:29

Target lawmakers crypto rules NOT SEC’s Gary Gensler warns lawmakers not to undermine wider markets with crypto rules

Securities and Exchange Commission chairman Gary Gensler expressed concern 14 June that efforts in Congress to write legislation for the cryptocurrency industry could compromise regulations that govern the broader capital markets.

15.06 / 07:19

CFTC SEC Congress Financial SEC boss worries crypto bill undermines financial protections

United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market.

14.06 / 18:47

regulation Investments SEC Sec Chair Returns SEC chair warns about 'too good to be true' returns amid market downturn

Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, reiterated his call for investor protection in securities offered by crypto firms.

13.06 / 22:15

Binance regulation Bitcoin Regulation Terra Law Decoded, June 7–13: Lummis-Gillibrand bill is finally here

One can hardly name a document more long-hoped-for as the crypto bill, co-sponsored by United States Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, was for the crypto community. And, it’s finally here. Last week, Lummis and Gillibrand introduced a 69-page bill in the U.S. Senate. What’s inside? The projects of study on the environmental impact of digital assets and advisory committee on innovation, a tax structure, a mandate for analysis of the use of digital assets in retirement savings and much more.

11.06 / 13:43

cryptocurrency FIVE Digital cryptocurrency news CFTC Eyes Potential Oversight And Regulation Of Cryptocurrencies: Report

CFTC eyes potential oversight of cryptocurrencies, carbon trading

10.06 / 14:53

Blockchain Provident Digital SEC Analysis: Here is What the New Crypto Bill Mean for the Blockchain Ecosystem?

Proponents of the cryptocurrency industry have been requesting a comprehensive crypto bill for some time. Thanks to the bipartisan efforts of Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), there are proposals on the ground for lawmakers to ponder.

10.06 / 13:51

cryptocurrency FIVE Digital cryptocurrency news US Futures Trading Panel May Regulate Digital Currencies

Commodity Futures Trading Commission is likely to be given charge of regulating digital currencies

10.06 / 11:27

regulation Investments Bitcoin Regulation place Yellen doubts crypto’s place in 401(k), says Congress could regulate

The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress.

09.06 / 14:05

Provident Digital lawmakers US lawmakers US lawmakers propose rules to safeguard crypto investors when exchanges collapse

A bipartisan duo of US senators introduced a bill that would aim to protect investors in the event that a cryptocurrency exchange files for bankruptcy by ensuring that their digital assets would be held separate.

09.06 / 09:57

cryptocurrency SEC cryptocurrency news Senators US Senators Bring Bill On Cryptocurrency Regulation

A couple of US senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency

08.06 / 22:43

SEC Gemini Bitcoin Bears Bitcoin bears have plenty of reasons to hold BTC price below $32,000

Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions.

08.06 / 21:35

Provident Digital Landmark Patrick The A to Z of the landmark crypto bill and the community’s reactions to it

Senators Cynthia Lummis and Kirsten Gillibrand proposed the Responsible Financial Innovation Act on 7 June. This is the first attempt to build a comprehensive regulatory framework regarding digital assets in the United States.

08.06 / 10:05

Digital Bitcoin Here’s what the bipartisan crypto bill has in store for the CFTC, bitcoin and ether

A long awaited bipartisan framework for US federal oversight of cryptocurrencies was unveiled on 7 June, and if passed by the US Congress, would mark a major milestone for a digital asset industry that has spent years lobbying for legislation to bring regulatory clarity to the space.

07.06 / 23:27

CFTC regulation SEC legislation Power Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.

07.06 / 16:59

Ethereum CFTC SEC Bitcoin Senators Here's What US Senators Put in New Crypto-Friendly Bill

In a bipartisan effort to pave the way for more crypto-friendly regulations in the US, Wyoming Republican Senator Cynthia Lummis and Democratic senator representing the state of New York, Kirsten Gillibrand, are set to introduce a new draft bill today, dubbed the 'Responsible Financial Innovation Act'.

07.06 / 14:19

Digital crypto rules Senators Financial Senators set to propose sector-friendly crypto rules that promote financial innovation

A pair of US senators were set to propose legislation that would create special exemptions to federal law for some cryptocurrencies, amid an intensifying lobbying push by the industry to avoid existing regulations.

07.06 / 12:09

UPS Citi Digital SEC Bipartisan crypto overhaul seeks to treat most digital assets as commodities and empower CFTC

As excited as Wall Street and Main Street were to have crypto as a new investment idea and store of value, the speed at which cryptocurrencies entered mainstream U.S. markets caused proportionate angst for U.S. regulators, who were equipped only with decades-old securities laws to police an industry many still refer to as the financial «Wild West.»

05.06 / 06:33

Blockchain Digital fall Cryptocurrencies vs. regulations: Which side will this coin fall

Shaun Tham, Legal Director of ChainUp shared his insights on the digital market during the Blockchain Fest 2022 this week. He acknowledged that businesses are being exposed to difficulties in this evolving environment. However, the exec remains certain that regulations look set to be in motion in the near future.

09.05 / 22:39

Law Europe Congress Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022

Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion. But last week, a major development emerged in this department. United States Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota became concerned about Fidelity’s recent announcement of adding Bitcoin (BTC) to its clients’ 401(k) retirement investment menu. In a letter to the company’s CEO Abigail Johnson, the lawmakers expressed their uneasiness over a “conflict of interests” and the “significant risks of fraud, theft and loss,” requesting from Fidelity a detailed outline of risk mitigation actions.

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