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The Latest Breaking News from Cynthia Lummis

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.

Ballotpedia

Senators Ask DEA To Stop Buying Its Way Around Civil Liberties

Plus: Senate Republicans spar over TikTok and free speech, Americans can't agree on how to cut spending, and more...

Reason

Senate crypto hearing yields big claims, possible regulation

Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday

The Independent UK

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SBF agreed to testify in Congress. Here’s what lawmakers are thinking about crypto legislation

How will the collapse of FTX shape regulation from Washington?

Fortune

Dozens of Republicans try to block same-sex marriage law weeks after Club Q massacre

The legislation comes after multiple stops and starts but also a massacre at a gay nightclub in Colorado Springs

The Independent UK

Wringing its hands over FTX's collapse, Washington hopes to prevent more crypto pain

Congress, which has been unable to pass comprehensive crypto legislation, is digging into what happened as regulators try to police the new, mysterious world of virtual currencies with old laws.

WEKU

FTX failure may strengthen case for more robust crypto regulation

WASHINGTON — The spectacular collapse of major cryptocurrency exchange FTX is prompting calls for stronger regulation in Congress, where some bipartisan proposals are being characterized as too industry friendly.

Tribune News Service

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FTX failure may strengthen case for more robust crypto regulation - Roll Call

Lawmakers say the collapse of FTX should strengthen the case for Congress to pass legislation to regulate the cryptocurrency industry.

Roll Call

New crypto oversight legislation arrives as industry craters

A bipartisan group of senators has proposed a bill to regulate cryptocurrencies

The Independent UK

Enforcement, Superfund nominees for EPA in confirmation limbo - Roll Call

Two nominees for high-ranking EPA positions are in procedural purgatory as Republicans aim to block their confirmations.

Roll Call

Crypto is melting down. Here's who's hurt

These are gut-wrenching days if you're an investor in stocks or bonds. But things could be worse:

Los Angeles Times

There's a new plan to regulate cryptocurrencies. Here's what you need to know

Two senators have unveiled a new bill with bipartisan support. But skeptics are already warning it's a step backwards and is far too crypto-friendly.

WEKU

New Capitol Hill Legislation Would Make Crypto Payments Below This Amount Tax-Free

The Responsible Financial Innovation Act introduced by Sens. Cynthia Lummis and Kirstin Gillibrand would exempt cryptocurrencies that are below $200 from capital gains taxes.

Benzinga

SEC Chair Gensler Says Crypto Exchanges 'Operating Outside Of The Law': What You Need To Know

Securities and Exchange Commission Chair Gary Gensler spoke at the Piper Sandler Global Exchange and Fintech Conference on Wednesday. One of the topics Gensler discussed in the Q&A session was cryptocurrency regulation.

Benzinga

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Axios

Crypto legislation comes into focus

The one thing that crypto companies and skeptics can agree on is that more regulation is needed, especially in the U.S.

Benzinga

US Bipartisan Legislation Looks To Regulate Stablecoins And Protect Investors Following Terra Crash

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.

Roll Call

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

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

The Independent UK

Amid crypto turmoil, senators propose sweeping oversight

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets

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Benzinga

Security or Commodity? New Crypto Legislation to Provide Clarity

Sen. Cynthia Lummis (R-WY) and Sen. Kirsten Gillibrand (D-NY) will introduce on June 7 the Responsible Financial Innovation Act, which proposes integrating digital assets formally into the American financial systems.

The Independent UK

Wyoming senator booed during graduation speech at alma mater after ‘two sexes’ comment

Republican Senator Cynthia Lummis, 67, was jeered while addressing University of Wyoming graduates

Tribune News Service

Critics see risk in ‘algorithmic’ stablecoins

WASHINGTON — A new type of digital asset called an algorithmic stablecoin is gaining steam among crypto-enthusiasts — and drawing steam among critics, who warn its risks are in plain sight.

Roll Call

Critics see risk in 'algorithmic' stablecoins - Roll Call

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

Tribune News Service

Congress members tiptoeing into crypto raise conflict concerns

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.

Reason

Elizabeth Warren Compares Buying Bitcoin to 'Buying Air'

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

Roll Call

Lawmakers see alternatives to Russian energy in their districts - Roll Call

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

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