Sen. Lummis: My legislation would empower the SEC to protect consumers
Lummis-Gillibrand would allow the SEC to figure out which cryptocurrencies fall under its regulatory purview, leaving the rest to the CFTC. Go to Source Powered by WPeMatico
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Lummis-Gillibrand crypto bill likely deferred to next year
Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals. Go to Source Powered by WPeMatico
Gillibrand and Lummis state that most altcoins are securities
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand. Go to Source Powered by WPeMatico
SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and Exchange Commission (SEC), … Read more
US Senator Lummis Thinks ‘Bitcoin Is Something That the Fed Should Hold on Its Balance Sheet’
Cynthia Lummis, the U.S. Republican senator from Wyoming, believes the Federal Reserve should consider holding bitcoin on its balance sheet. Speaking on the Orrin G. Hatch Foundation’s crypto webinar panel, Lummis said that once a regulatory policy is in place it “will make a lot of sense.” Former Federal Reserve Vice Chairman Believes Crypto Perspectives … Read more
US Senator: ‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers
U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained that the legislation would give Treasury Secretary Janet Yellen “dictatorial-level … Read more
Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US
The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says Senator … Read more
US lawmaker planning to introduce comprehensive crypto bill in 2022: report
Cynthia Lummis’ proposed bill reportedly aims to provide regulatory clarity on stablecoins, guide regulators around asset classes, and offer consumer protections. Go to Source Powered by WPeMatico
Lummis says Fed is ‘violating the law’ with Wyoming blockchain bank delays
The Republican senator for Wyoming has called on her colleagues to withhold support for Fed chair Jay Powell. Go to Source Powered by WPeMatico
10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Bill
Ten members of the U.S. House of Representatives have called on House Speaker Nancy Pelosi to address the problem with the crypto provision in the infrastructure bill. They explained that the current definition of a broker in the bill “would increase uncertainty in the cryptocurrency industry, pick winners and losers … all while eroding our … Read more
