Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says
The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming. As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction. Wyoming’s crypto-friendly notion comes into light as the state has passed more than 24 bills related to blockchain technology. A recent CNBC report shows that the state has now approved a bill that will allow for “quick approval for new....
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Wyoming’s Cynthia Lummis is the most outspoken Bitcoin advocate ever elected to the Senate and she’s on a mission to ensure that the technology is protected. The post Cynthia Lummis Is Bringing Bitcoin To The U.S. Senate appeared first on Bitcoin Magazine.
Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues.
Cynthia Lummis first bought Bitcoin back in 2013. Former Republican congresswoman and current Bitcoin holder Cynthia Lummis has won a seat in the U.S. Senate against Democratic challenger Merav Ben-David.According to a Nov. 4 report from Fortune, Lummis was an early adopter of Bitcoin (BTC), having first purchased the cryptocurrency in 2013 thanks to a tip from her son-in-law, Will Cole. Cole has served as the Chief Product Officer at blockchain financial services firm Unchained Capital since December 2019. “Cynthia believes in the philosophy behind Bitcoin, not just that it is a new asset....
The bipartisan Lummis-Gillibrand overhaul legislation has been introduced – here’s everything you need to know about the Bitcoin and crypto bill.
Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals. The major bipartisan crypto bill led by U.S. Senators Cynthia Lummis (Republican) and Kirsten Gillibrand (Democrat) will most likely be deferred to next year according to the duo. Speaking during Bloomberg’s Crypto Summit on July 19, the Senators stated that there is a slim chance that the comprehensive bill would be pushed through the Senate this year, with Lummis noting that: “I think both Kirsten and I believe that the bill, in one piece, as a total bill is more likely....