Sen. Lummis teases upcoming crypto bill, says NFTs won’t be included in it
The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency. United States Senator Cynthia Lummis appeared on a livestream hosted by Axios on Tuesday to tease the highly awaited bill on cryptocurrency she is authoring. The Wyoming Republican said the bill will be introduced as “one big piece so people can see the big picture” and be broken down into five or six components for consideration by the appropriate congressional committees.The bill, which Lummis is expected to introduce along with New York Democrat Kristin....
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Pro-crypto Senator Cynthia Lummis and JPMorgan CEO Jamie Dimon have become key figures in the latest debate over the CLARITY Act as the bill advances in the Senate. Speaking to CNBC on Wednesday, Lummis directly addressed Dimon’s latest comments regarding the CLARITY Act and his criticism of Coinbase CEO Brian Armstrong. Lummis Pushes Back On […]
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....
Pro-bitcoin Senator Cynthia Lummis of the United States is planning to present a comprehensive crypto bill next year that will explain how different digital assets will be classified and taxed. Pro-Bitcoin Senator Proposes Crypto Bill Senator Cynthia Lummis, a Bitcoin evangelist, plans to introduce a comprehensive crypto bill in the new year. Lummis’ proposed bill, according to Bloomberg, aims to establish regulatory clarity on stablecoins, instruct regulators on which cryptos belong to which asset classes, and provide consumer protections. In addition, the senator is said to have....
Quick Facts: ➡️ US lawmakers push the Clarity Act that Lummis calls the biggest crypto bill ever and a full legal system for digital assets and stablecoins. ➡️ Regulatory clarity could funnel new users to secure, mobile wallets with simple onramps, favoring stacks like Best Wallet with Fireblocks MPC security. ➡️ $BEST presale shows 23 […]