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The Latest Breaking News from Cynthia Lummis

In US First, Pennsylvania Lawmaker Introduces State Bitcoin Strategic Reserve Act

Pennsylvania Rep. Mike Cabell introduced the Pennsylvania Bitcoin Strategic Reserve Act, which will allow the state's treasury to invest up to 10% of the state's $7 billion fund into $BTC, utilizing the cryptocurrency as a hedge against inflation.

International Business Times

Pro-Bitcoin Senator Proclaims US Will Establish $BTC Reserve After Trump Win

Sen. Cynthia Lummis, an ally of Donald Trump, reaffirmed that the U.S. will establish a Bitcoin strategic reserve after the GOP frontrunner secured the needed electoral votes for the presidency.

International Business Times

Bitcoin Surges Above $76K, Allowing $UNI, $ETH To Outperform $BTC In Election Day Aftermath

Bitcoin has set a new all-time high just a day after passing its previous ATH, and the spike sent other altcoins on an uptrend, giving them space to outperform $BTC amid celebrations for Donald Trump's presidential victory.

International Business Times

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The Perils of Trump's Proposed Bitcoin Strategic Reserve

In 2021 Trump called bitcoin a "scam" but he seems to have realized his political coalition includes cryptocurrency enthusiasts.

Reason

Trailblazers Unleashed: Unstoppable Women Of Web3 Crowns Most Inspirational Women In Web3, AI

Unstoppable Women of Web3 has unveiled the 2024 list of the most inspirational women in the Web3 and AI fields, showcasing the key role female leaders play in moving high technology forward.

International Business Times

Bitcoin Can 'Wipe Out' Debt? Trump Says US Should Be World's $BTC Leader

Donald Trump has once again pumped the Bitcoin community as he said the world's top digital asset can be used to help pay off U.S. debt – some Bitcoiners are displeased with the idea that $BTC will be used for the government's debt-paying activities.

International Business Times

Senate swoops in, centuries late, to name bald eagle national bird - Roll Call

The Senate passed a bill to designate the bald eagle as the national bird after research showed it had never been officially chosen.

Roll Call

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Bitcoin 2024 Key Takeaways: $BTC-Centric Executive Orders, Strategic Reserve Bill, Firing Gensler

Bitcoin 2024 in Nashville has ended, but talks around the massive announcements during the conferences continue, especially with promises made by two presidential candidates, as well as a potential bill to make $BTC a U.S. strategic reserve asset.

International Business Times

Bitcoin As A Reserve Asset Is 'Possible' But Difficult To Pull Off: Expert

Bitcoin has been called many things – the future of money, the catalyst of a financial revolution, and a hedge against inflation, but in recent days, it has been floated as a potential strategic reserve asset for the U.S.

International Business Times

After House, Senate Votes To Revoke Contentious SEC Crypto Custody Bulletin

The Senate has followed suit after House members voted in favor of Rep. Flood's resolution revoking SAB 121, which has been at the center of criticism from the crypto industry.

International Business Times

Senator Blasts DOJ's Stance Over Self-Custody Crypto Wallets

Sen. Lummis, who has called for regulations that do not stunt innovations in the crypto space, on Wednesday called out the Biden administration for criminalizing the "core tenants of the Bitcoin network."

International Business Times

Senate looks to clear aid bill Tuesday night with no amendments - Roll Call

Senate leaders decided to power through opponents' speechifying in hopes of clearing aid for Ukraine, Israel and Taiwan by Tuesday night.

Roll Call

Crypto Group, US Chamber Of Commerce Back Coinbase Call For Clear SEC Crypto Rules

Coinbase challenged the SEC last year after the regulator filed a lawsuit against the crypto exchange, and now more industry and business groups are tuning in – a growing number of them on Coinbase's side.

International Business Times

US Lawmakers Move Resolution To Repeal SEC's Crypto Custody Accounting Rule

A group of U.S. lawmakers are calling on the SEC to repeal its controversial SAB 121 policy that requires digital assets custodians to report liabilities and assets on their balance sheets.

International Business Times

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International Business Times

SEC Chair Gensler Claims Isolation of X Account Hack Amidst Mounting Political Pressure From Lawmakers

A parliament of Senators immediately demanded an answer from the SEC following the security incident that led to false yet market-moving information.

International Business Times

Tether's Letter To Lawmakers Reveals It 'Recently Onboarded' Secret Service On Its Platform

In October, Sen. Cynthia Lummis and Rep. French Hill urged Attorney General Merrick Garland "to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism."

Fortune

Sen. Gillibrand wants her fellow Democrats to get on board with crypto legislation

Digital asset regulation has become a partisan issue, especially as a government shutdown looms.

WEKU

Senate pickleball caucus leaves politics off the court

Some bipartisan senators are picking up paddles and trying out America's fasting growing sport as a way to build relationships. They're trading partisan barbs for friendly competition.

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The Street

One of the cannabis industry's major opponents reemerged this week

The cannabis industry has many champions, but it also has some powerful enemies.

Reason

New Crypto Bill Aims To Circumvent SEC's Regulation-by-Enforcement Strategy

Plus: Steep drop in confidence in higher education, what The Bear can teach us about dynamism and bureaucracy, and more...

Fortune

Senators Lummis and Gillibrand finally unveil their revamped crypto bill

The legislative proposal inserts the Senate back in the conversation and empowers the CFTC.

Fortune

‘Most comprehensive proposal to date’: Lummis and Gillibrand to reintroduce landmark crypto bill

The long-awaited legislation would tackle thorny questions like market structure and stablecoin oversight.

The Independent UK

Senate votes to limit critical habitat designation for imperiled species and drop bat's protections

The U.S. Senate has voted to overturn two Biden administration policies intended to protect endangered species

Roll Call

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

Ballotpedia

Second Circuit weighs in on CFPB funding structure

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

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