Federal Reserve To Own Bitcoin? Senator Lummis Proposes Legislative Update
In an interview with Yahoo Finance, US Senator Cynthia Lummis of Wyoming outlined a proposal to grant the Federal Reserve the authority to hold Bitcoin as part of the United States’ official reserves. She argues that this approach could improve the country’s long-term financial stability, strengthen the global role of the US dollar, and provide […]
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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 Have Changed With the Advent of Stablecoins This week the Orrin G. Hatch Foundation published a webinar video featuring Bitstamp CEO Bobby Zagotta, former Federal Reserve vice chairman Randal Quarles, and the....
Pro-crypto US Senator Cynthia Lummis is intensifying her efforts to advance the Bitcoin Strategic Reserve Act, a proposal introduced by President-elect Donald Trump during the National Bitcoin Conference earlier this year. This initiative aims to position the United States at the forefront of BTC adoption, starkly contrasting the regulatory landscape under the Biden administration. Lummis […]
Senator Cynthia Lummis was on Bitcoin Magazine to talk about the digital asset in the United States. A panel named Bringing Bitcoin Innovation Home to America hosted the senator. The panel had both Senator Lummis and Rep. Warren Davidson who works closely with Lummis. Allan Stevo served as the moderator for the panel. Related Reading […]
U.S. Senator Cynthia Lummis in an interview said she was all in on Bitcoin. The interview took place during the Bitcoin Conference earlier in the year in Miami. Senator Lummis is the first woman to be elected as a Wyoming senator. Keeping in line with this stride, the senator believe Bitcoin is a great way […]
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....