How Will Cynthia Lummis’s Proposed Bill Affect Bitcoin
Senator Cynthia Lummis, a rancher and Republican senator from Wyoming introduced a comprehensive and sweeping bill concerning Bitcoin and crypto regulations. The RFI (Responsible Financial Innovation) Act was released on June 7th by the Senator alongside Kristen Gillibrand, a New York securities attorney, and Democrat senator. Related Reading | Bitcoin Open Interest Falls As Price Dips Below $31,000 According to Lummis, the proposed bill will lead to cryptocurrency adoption into the traditional financial system. Thus, enabling the digital currencies to become accepted as commodities.....
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Cynthia Lummis’ proposed bill reportedly aims to provide regulatory clarity on stablecoins, guide regulators around asset classes and offer consumer protections. Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets. In a Thursday report, Bloomberg said Lummis’ proposed bill aimed to provide regulatory clarity on stablecoins, guide regulators as to which cryptos belong to different asset classes and offer consumer protections. In addition, the U.S.....
The Republican lawmaker from Wyoming has been a vocal supporter of Bitcoin and blockchain technology in Congress. United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday. The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which prohibits the use of non-public information for profit. The STOCK Act was signed into law under the Obama administration in April 2012 and is designed to combat insider trading. As CNBC....
Senator Lummis’s Bitcoin Act extends the Federal Reserve’s Bitcoin capacity to over 1M bitcoins. We mull over how this might affect the price of Bitcoin, and related coins like BTC Bull Token. The act touches upon several critical points, such as the establishment of the Bitcoin Reserve, the Bitcoin Purchase Program, and, more importantly, the […]
Wyoming Senator Cynthia Lummis shared details on a bipartisan bill designed to propel Bitcoin innovation in the U.S.
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....