The Latest Breaking News from Cynthia Lummis

With the bipartisan support of Sen. Kirsten Gillibrand (D-NY) and Sen. Cynthia Lummis (R-WY), the Responsible Financial Innovation Act was proposed earlier today.

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

Experts see risks in algorithmic stablecoins that market incentives to maintain a stable price against a currency such as the dollar.

As efforts to regulate the rapidly-growing cryptocurrency market increase, some observers are raising concern about the rising number of U.S. lawmakers beginning to dabble in digital assets.

The Massachusetts senator also came out in favor of creating a central bank digital currency

With gas prices high and the world looking for alternatives to Russian energy, lawmakers are finding solutions in their own districts.

The U.S. Federal Reserve should acquire Bitcoin (CRYPTO: BTC) and hold it on its balance sheet, according to Sen. Cynthia Lummis (R-WY).

For Cynthia Lummis, the Senate’s “crypto queen” and owner of somewhere between $170,000 and $230,000 worth of Bitcoin, it all started with a hunch. Not about blockchain technology’s still unproven promise to revolutionize finance or Bitcoin’s growth potential. “I was skeptical,” said Lummis, R-Wyo. “The notion of having something of…

WASHINGTON — The 2022 elections will test whether the cryptocurrency industry, now more than five times its value in late 2020 and fired up by a tax provision enacted in November, will boost spending on political campaigns.