SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted for
Cynthia Lummis
Republican Senator from Wyoming
Notable statements
Cynthia Lummis
@SenLummis
I always enjoy when I start my day with @SquawkCNBC. We had a great discussion about digital assets and the need for commonsense regulation that encourages financial innovation while protecting consumers. pic.x.com/r1bUt53fxk
Very pro-crypto
Cynthia Lummis
@SenLummis
The U.S. has always been a financial leader, but we're on the brink of being left behind in the digital asset race. President Trump understands digital assets are here to stay; now Congress needs to pass essential legislation to secure our financial future. pic.x.com/9q1g9hq02a
Very pro-crypto
Cynthia Lummis
@SenLummis
Another country joins the Bitcoin race. America needs a Strategic Bitcoin Reserve as soon as possible to remain a financial leader in the 21st century.
coindesk.com/markets/2024/0…
Very pro-crypto
Cynthia Lummis
@SenLummis
My BITCOIN Act is currently the only viable solution that positions us to cut our national debt in half by 2045. I joined @BanklessHQ to discuss how my commonsense legislation will get us back on track and secure our position as a world leader in financial innovation. x.com/BanklessHQ/sta…
Very pro-crypto
Cynthia Lummis
@SenLummis
Creating a strategic Bitcoin reserve will:
cut our national debt in half by 2045
secure the U.S. as a world leader in financial innovation
create a brighter future for generations of Americans.
Let’s get serious about our national debt and pass the BITCOIN Act!
cut our national debt in half by 2045
secure the U.S. as a world leader in financial innovation
create a brighter future for generations of Americans.
Let’s get serious about our national debt and pass the BITCOIN Act!Very pro-crypto
Cynthia Lummis
@SenLummis
It was great to join @tanayamacheel on CNBC’s Crypto World to discuss the BITCOIN Act and why the U.S. should create a strategic Bitcoin reserve.
cnbc.com/video/2024/07/…
Very pro-crypto
Cynthia Lummis
@SenLummis
If we want to get serious about addressing our national debt and spending crisis, we need bold, innovative solutions. Great to join @JoeConsorti & @timevalueofbtc on @TheBitcoinLayer to talk about my legislation to create a strategic Bitcoin reserve to pay down our national debt. x.com/TheBitcoinLaye…
Very pro-crypto
Cynthia Lummis
@SenLummis
The wait is over. This is our Louisiana Purchase moment.
Read the text for my BITCOIN Act below 
https://t.co/mSYJVwn1wI
https://t.co/mSYJVwn1wIVery pro-crypto
Cynthia Lummis
@SenLummis
Today, the national debt has passed a staggering $35 trillion.
A strategic Bitcoin reserve could stop this runaway train and help pay down the national debt for our future generations.
Very pro-crypto
Cynthia Lummis
@SenLummis
The ₿est is yet to come… you ain’t seen nothing yet.
#Bitcoin2024
Very pro-crypto
Cynthia Lummis
@SenLummis
America needs clear rules of the road for Bitcoin, not regulation by enforcement. Great discussion with @SenatorTimScott on how Bitcoin unlocks financial freedom and inclusion. pic.twitter.com/hoBnh8Yowl
Very pro-crypto
Cynthia Lummis
@SenLummis
#Bitcoin is transforming not only our country, but our world and the United States needs to be the global leader. pic.twitter.com/43EQ8oPrNR
Very pro-crypto
Cynthia Lummis
@SenLummis
We can create a brighter future for generations of Americans by diversifying into #Bitcoin and being the first developed nation to create a strategic reserve. Read more https://t.co/1cWAssvZIW
https://t.co/1cWAssvZIW
Very pro-crypto
Cynthia Lummis
@SenLummis
If government controls the money, they control us. It’s time to stop the Biden admin’s war on bitcoin. Let’s pave the way for financial innovation, not stifle it. pic.twitter.com/HZLd4QwexX
Very pro-crypto
Cynthia Lummis
@SenLummis
With a strategic #Bitcoin reserve, we will have an asset that can cut our debt in half by 2045. pic.twitter.com/HYWSpJ9Siu
Very pro-crypto
Cynthia Lummis
@SenLummis
This is the solution.
This is the answer.
This is our Louisiana Purchase moment!
#Bitcoin2024 pic.twitter.com/RNEiLaB16U
Very pro-crypto
Cynthia Lummis
@SenLummis
We will convert excess reserves at our 12 Federal Reserve banks into #bitcoin over five years. We have the money now! pic.twitter.com/fGtYQ15jQJ
Very pro-crypto
Cynthia Lummis
@SenLummis
ICYMI: I just announced I will introduce legislation to establish a strategic Bitcoin reserve! #Bitcoin2024 pic.twitter.com/P36AcdmPFF
Very pro-crypto
Cynthia Lummis
@SenLummis
Over five years, the United States will assemble one million Bitcoin, 5% of the world’s supply! #Bitcoin2024 pic.twitter.com/mPuqbq9RK8
Very pro-crypto
Cynthia Lummis
@SenLummis
Let me be clear: we will not let President Biden power down progress. No tax on Bitcoin mining! pic.twitter.com/qgYk1uOe6j x.com/SenLummis/stat…
Very pro-crypto
Cynthia Lummis
@SenLummis
In January 2009, when Satoshi Nakamoto mined the first #Bitcoin he brought about an asset that will change the world. pic.twitter.com/zRb0o2G1Do
Very pro-crypto
Cynthia Lummis
@SenLummis
#Bitcoin is the key to a brighter financial future for every single American. So excited to have @SenatorTimScott join me to talk about the importance of financial inclusion and all of Bitcoin’s untapped potential.
#Bitcoin2024 pic.twitter.com/r1MF4NqClL
Very pro-crypto
Cynthia Lummis
@SenLummis
Congratulations to the @DigitalChamber on its 10 year anniversary! The chamber has been committed to advancing bitcoin and digital asset priorities for a decade, and I look forward to continuing to work with them for many years to come! pic.twitter.com/t8y0UkOiK9
Very pro-crypto
Cynthia Lummis
@SenLummis
So excited to be in Nashville for @BitcoinMagazine's Bitcoin 2024 Conference. There is a special spirit in the #Bitcoin community that inspires me, and I couldn’t be more excited for what’s to come this weekend. pic.twitter.com/TkQAjiXkCM
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @BankingGOP: TODAY: @SenatorTimScott and @SenLummis will lead a fireside chat @TheBitcoinConf, entitled “For Love of Country and Bitcoin…
Very pro-crypto
Cynthia Lummis
@SenLummis
The Biden administration’s dangerous scheme to tax #Bitcoin miners is a blatant attack on innovation, energy abundance and American excellence.
Read my orange paper that refutes this disastrous proposal below
https://t.co/5OCYiXttu6
https://t.co/5OCYiXttu6Very pro-crypto
Cynthia Lummis
@SenLummis
Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin.
Vires in Numeris
Very pro-crypto
Cynthia Lummis
@SenLummis
This is HUGE
CL: “Should banks be able to provide services to digital asset companies like payment services?”
CGR: “Yeah, I don’t think it’s the FDIC’s role to tell banks what industries or companies they should be providing services to.”
Watch the full clip below https://t.co/NicfAz1VCr
Very pro-crypto
Cynthia Lummis
@SenLummis
Bitcoin and digital assets are the future. Here’s my agenda:
No retail Central Bank Digital Currencies
Clear protections for self-custody Bitcoin wallets
Restore Dollar Dominance for the 21st Century https://t.co/yEy9tcxU5b
No retail Central Bank Digital Currencies
Clear protections for self-custody Bitcoin wallets
Restore Dollar Dominance for the 21st Century https://t.co/yEy9tcxU5b
Very pro-crypto
Cynthia Lummis
@SenLummis
Great to join @Semafor this week to talk about the future of the financial services industry and how the U.S. can drive financial innovation by creating commonsense guardrails centered around consumer protections for digital assets. pic.twitter.com/5bv0u6kcJu
Very pro-crypto
Cynthia Lummis
@SenLummis
Great conversation with @VivekGRamaswamy about securing the financial future of the country and the importance of ensuring the U.S. keeps financial innovation here by embracing the tremendous potential of Bitcoin and digital assets. x.com/VivekGRamaswam…
Very pro-crypto
Cynthia Lummis
@SenLummis
The Biden admin and Gary Gensler’s unrelenting persecution of Bitcoin and digital assets is pushing the industry overseas and causing America to fall behind.
We are the global leader in financial innovation.
Let's act like it and provide the industry a home. x.com/coinbase/statu…
Very pro-crypto
Cynthia Lummis
@SenLummis
I will not stand idly by as this admin attempts to skirt the law, and I will continue to fight to promote financial innovation and key protections for crypto assets this admin seems hellbent on stifling.
My statement on the president's decision to veto my SAB 121 CRA https://t.co/pXjGXPi6fN
https://t.co/pXjGXPi6fN
Very pro-crypto
Cynthia Lummis
@SenLummis
When I came to the U.S. Senate nobody knew anything about crypto assets.
Nobody knew the difference between Bitcoin and other crypto assets.
We have worked hard to educate Washington and are now seeing the fruits of those labors. pic.twitter.com/lHUVrMTrq2
Very pro-crypto
Cynthia Lummis
@SenLummis
It has been one of the most meaningful weeks ever for crypto in Washington.
I joined my friend @laurashin to discuss the eventful week and why I am more optimistic than ever about the future of crypto in America. x.com/laurashin/stat…
Very pro-crypto
Cynthia Lummis
@SenLummis
.@SECGov’s approval of a spot ETF for Ether is the latest sign crypto is being accepted as a mature asset class and underscores the need for Congress to pass a regulatory framework to protect consumers and provide clear rules of the road for the industry.
Very pro-crypto
Cynthia Lummis
@SenLummis
We are building a pro-crypto army in Congress.
Very pro-crypto
Cynthia Lummis
@SenLummis
@gillibrandny & I have worked tirelessly to craft a crypto asset bill that provides commonsense solutions to unleash financial innovation without eroding consumer protections. I am encouraged by the House’s shared interest in positioning the U.S. to be a global leader in crypto.
Very pro-crypto
Cynthia Lummis
@SenLummis
Very pro-crypto
Cynthia Lummis
@SenLummis
The passage of FIT 21 proves there is strong, bipartisan support in Congress for creating a regulatory framework for the crypto industry.
Congratulations @PatrickMcHenry, @CongressmanGT, @RepFrenchHill, @RepDustyJohnson, @GOPMajorityWhip& @WarrenDavidson on this momentous vote.
Very pro-crypto
Cynthia Lummis
@SenLummis
There is a bipartisan majority in both chambers of Congress in favor of crypto.
The future is very bright…
Very pro-crypto
Cynthia Lummis
@SenLummis
The Senate passing a CRA overturning SAB 121 is a win for financial innovation and a clear rebuke of the way the Biden admin and Gary Gensler have persecuted crypto.
It also marks the 1st time Congress has passed standalone crypto legislation.
We are just getting started.
Very pro-crypto
Cynthia Lummis
@SenLummis
All due respect, @SenTedCruz but Wyoming is the best state in the country for Bitcoin and crypto. x.com/DigitalChamber…
Very pro-crypto
Cynthia Lummis
@SenLummis
We are at a pivotal point in the fight to ensure the crypto asset industry has a home in America.
Join me for an update on the fight for crypto in Washington at the #DCBlockchain Summit tomorrow! pic.twitter.com/noKQdnsRRN
Very pro-crypto
Cynthia Lummis
@SenLummis
President Biden's DOJ steamrolling the longstanding interpretation of FinCEN is legally wrong and threatens to criminalize Bitcoin software development in America.
@RonWyden and I have sent a bipartisan letter to DOJ urging it to drop this interpretation immediately. https://t.co/iazbBhMcOv
https://t.co/iazbBhMcOv
Very pro-crypto
Cynthia Lummis
@SenLummis
I am deeply concerned by the Biden administration criminalizing core tenants of the Bitcoin network and decentralized finance.
My full statement. https://t.co/M3CHcNTi3x
https://t.co/M3CHcNTi3x
Very pro-crypto
Cynthia Lummis
@SenLummis
It would be a historic mistake to slap Bitcoin miners with a 30% tax that is a de facto ban.
The U.S. is a global leader in innovation, let's keep it that way.
cointelegraph.com/news/biden-is-…
Very pro-crypto
Cynthia Lummis
@SenLummis
I joined @SquawkCNBC to discuss the details of my brand new stablecoin legislation.
The bill will cultivate innovation and allow the rapidly growing crypto asset industry to continue to gain a foothold in the U.S. while ensuring there are adequate consumers protections. pic.twitter.com/RNFb0CCztf
Very pro-crypto
Cynthia Lummis
@SenLummis
The Bitcoin network has a programmed schedule to create new Bitcoin approximately every 10 minutes for “miners” protecting the network with powerful computers.
This mining process uses energy to create new bitcoins, just like gold miners use energy to extract more gold.
Very pro-crypto
Cynthia Lummis
@SenLummis
Today, Team Lummis hosted a lunch and learn to celebrate this year’s Bitcoin halving.
Thanks to @mempool for their awesome block explorer!
Watching #Bitcoin live never ceases to amaze. pic.twitter.com/yNJfc20ucU
Very pro-crypto
Cynthia Lummis
@SenLummis
Today's Halving is extra special because for the first time ever Bitcoin will become more scarce than gold.
Bitcoin continues to prove itself as a store of value and the Halving is a key reason why.
Happy Halving!
Very pro-crypto
Cynthia Lummis
@SenLummis
About every 4 years, the programmed amount of Bitcoin created every 10 minutes is cut in half, aka the “Halving.”
This ensures the supply is always increasing relative to the amount being created.
Supply & demand is the basis of economics and Bitcoin is no different.
Very pro-crypto
Cynthia Lummis
@SenLummis
Happy Halving!
The 'Halving' is one of Bitcoin’s ingenious features that creates scarcity and value, in the same way that scarcity in gold creates value.
So, what exactly is the Halving? And, why is today’s extra special?
Very pro-crypto
Cynthia Lummis
@SenLummis
In order to meet the growing demand for our ever-evolving financial industry, we need to craft legislation that strikes the careful balance of establishing a clear and workable framework for stablecoins while protecting consumers.
My bill with @gillibrandny achieves just that. x.com/CoinDesk/statu…
Very pro-crypto
Cynthia Lummis
@SenLummis
The bill authorizes state non-depository trust companies to issue payment stablecoins up to $10 billion, with limited-purpose state/OCC depository institutions authorized to issue any amount.
Very pro-crypto
Cynthia Lummis
@SenLummis
Crypto assets are going to continue to change the world, and the U.S. is at a crossroads - embrace innovation and lead the world forward or get left behind.
Let's pass comprehensive stablecoin legislation to take the first step in ensuring our nation is a leader.
Very pro-crypto
Cynthia Lummis
@SenLummis
In light of the FTX collapse, the Lummis-Gillibrand Payment Stablecoin Act establishes proper custody and third-party risk management practices to maximize consumer protection while allowing the emerging industry to continue to grow.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @gillibrandny: I'm proud to join @SenLummis to introduce the Payment Stablecoin Act.
Passing a regulatory framework for stablecoins is…
Very pro-crypto
Cynthia Lummis
@SenLummis
@gillibrandny and I are introducing the most comprehensive stablecoin bill to date.
Crypto assets are revolutionizing the world and as the undisputed leader in financial innovation, the U.S. must embrace crypto assets, but it cannot be done without clear rules for stablecoins. pic.twitter.com/vwRUEBUdsl
Very pro-crypto
Cynthia Lummis
@SenLummis
The Lummis-Gillibrand Payment Stablecoin Act solves key policy challenges that have lingered around previous proposals & provides prudential regulation & added consumer protections to stablecoin issuers.
But above all, it allows innovation to prosper.
Very pro-crypto
Cynthia Lummis
@SenLummis
Recent advancements in financial innovation have laid bare shortcomings in current U.S. policy regarding stablecoins, which fails to strike the delicate balance of promoting financial innovation without sacrificing consumer protections. x.com/CoinDesk/statu…
Very pro-crypto
Cynthia Lummis
@SenLummis
I always enjoy having the opportunity to talk to my colleagues about crypto assets, and I sincerely appreciate @cdixon taking the time to speak with our bipartisan Financial Innovation Caucus. x.com/FinancialCaucu…
Very pro-crypto
Cynthia Lummis
@SenLummis
Between the Bitcoin spot ETF approval and the upcoming halving, 2024 is already proving to be a huge year for crypto assets.
I am thrilled to be joining the #DCBlockchainSummit on May 15th to discuss what needs to be done to ensure America does not fall behind. pic.twitter.com/EVlGJ3sqkk
Very pro-crypto
Cynthia Lummis
@SenLummis
Tune in to the Bitcoin Policy Summit where I’m discussing Bitcoin mining and the benefits Bitcoin brings to our nation. x.com/bitcoinmagazin…
Very pro-crypto
Cynthia Lummis
@SenLummis
If a Bitcoin mining ban will cost Paraguay's economy $200 million per year, how damaging would a similar ban be in the United States?
President Biden's proposed 30% mining tax is so punitive it is a de facto ban.
The U.S. must embrace innovation not big government mandates. x.com/Cointelegraph/…
Very pro-crypto
Cynthia Lummis
@SenLummis
Between a bullish budget forecast and a $2 billion Bitcoin seizure, the Biden admin's actions are starting to suggest it sees the value in crypto assets despite publicly downplaying the industry’s potential.
Is the U.S. government becoming one of the biggest HODLers? x.com/Blockworks_/st…
Very pro-crypto
Cynthia Lummis
@SenLummis
The White House 2025 budget is incredibly bullish on crypto assets, some might even say they believe it’s going to the moon.
But a proposed 30% punitive tax on digital asset mining would destroy any foothold the industry has in America.
But a proposed 30% punitive tax on digital asset mining would destroy any foothold the industry has in America.Very pro-crypto
Cynthia Lummis
@SenLummis
Honored to be included with some the brightest minds in the crypto asset industry! x.com/trylolli/statu…
Very pro-crypto
Cynthia Lummis
@SenLummis
The future for crypto assets has never been brighter.
Congress must embrace innovation and pass a regulatory framework that protects consumers and encourages the industry to make a home in America. x.com/YahooFinance/s…
Very pro-crypto
Cynthia Lummis
@SenLummis
Thank you @MilkenInstitute for hosting the 2024 Future of FinTech Symposium. We had a great discussion on why it is critical America is the country of choice for the crypto asset industry.
The U.S. is the undisputed home of financial innovation, and crypto is the next frontier. pic.twitter.com/ateuLpEnOS
Very pro-crypto
Cynthia Lummis
@SenLummis
The Department of Energy officially withdrew its crypto mining usage survey today, a win for crypto mining and the entire crypto asset community.
I will continue to fight back against this blatant government overreach to ensure crypto is not unfairly targeted by the Biden admin.
Very pro-crypto
Cynthia Lummis
@SenLummis
I am thrilled the Department of Energy suspended its crypto asset mining usage survey.
DOE should never pick winners and losers with who can access the energy grid.
Very pro-crypto
Cynthia Lummis
@SenLummis
.@ENERGY's plan to start a database to track crypto-mining operations is incredibly concerning.
The Biden admin cannot say it is concerned about crypto mining's energy use when it is pushing an EV mandate that will increase grid demand by nearly 40%.
breitbart.com/politics/2024/…
Very pro-crypto
Cynthia Lummis
@SenLummis
Could not agree more.
Let's pass Lummis-Gillibrand to protect consumers, give the crypto asset community a home in America and continue our nation's reputation as the undisputed home of financial innovation. twitter.com/taylorjbarr/st…
Very pro-crypto
Cynthia Lummis
@SenLummis
I had a great discussion with @CoinDesk on what the approval of #Bitcoin spot ETFs means for the future of crypto assets in America, what to expect on crypto legislation in Congress this year and much more. twitter.com/CoinDesk/statu…
Very pro-crypto
Cynthia Lummis
@SenLummis
$900 million in non-crypto (fiat currency) money laundering vs $900,000 in crypto money laundering.
Crypto is clearly not the problem. Criminals and bad actors are.
It would be a historic mistake to crush an entire emerging industry based on incorrect data. twitter.com/SamLyman33/sta…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @blockchaintpsht: .@SenLummis spoke to us today about the state of digital assets legislation in Congress. Among her observations:
On S…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @YahooFinance: .@SenLummis says the $BTC ETF approvals show it's prime time for crypto regulation legislation: "We are now behind many c…
Very pro-crypto
Cynthia Lummis
@SenLummis
I am thrilled @SECGov granted approval for all 11 #Bitcoin spot exchange traded funds.
Read my full statement https://t.co/VkSbtVE2Do
https://t.co/VkSbtVE2Do
Very pro-crypto
Cynthia Lummis
@SenLummis
Nobody should find out they are a felon because of regulatory uncertainty, but sadly the rules surrounding crypto assets in America are as clear as mud right now.
This snapshot shows exactly why we need the regulatory clarity provided in Lummis-Gillibrand. twitter.com/DigitalChamber…
Very pro-crypto
Cynthia Lummis
@SenLummis
The world is watching to see if America will continue to embrace innovation or not.
The status quo of regulating through enforcement creates unclear rules for businesses and leaves consumers vulnerable.
Congress must create rules of the road for the crypto asset industry. twitter.com/CNBC/status/17…
Very pro-crypto
Cynthia Lummis
@SenLummis
.@PatrickMcHenry has honorably served the people of North Carolina’s 10th district and has been a champion of financial innovation as the chair of @financialcmte. I appreciate the work we’ve done together on crypto and look forward to passing meaningful crypto legislation in 2024
Very pro-crypto
Cynthia Lummis
@SenLummis
I had a great time joining @unchainedcom to discuss our nation's debt crisis, explain why every American deserves the freedom to self-custody crypto assets and provide an update on legislation in Washington.
Watch the full interview below.
youtube.com/watch?v=jUCj5O…
Very pro-crypto
Cynthia Lummis
@SenLummis
Crypto accounts for < 1% of all illicit finance activity and would be even less if we created a regulatory structure to allow the crypto industry to operate in America instead of unregulated foreign markets.
Crypto is not the problem, bad actors that exist in every industry are. twitter.com/ForbesCrypto/s…
Very pro-crypto
Cynthia Lummis
@SenLummis
We have only scraped the surface of crypto assets’ potential.
As the article below wisely explains, crypto mining has tremendous potential to help regulate the grid and boost domestic energy production.
coindesk.com/policy/2023/10…
Very pro-crypto
Cynthia Lummis
@SenLummis
Meticulous reporting by @chainalysis found that crypto assets account for just $20 billion, less than 1% of the more than $2 trillion in global illicit finance activity every year.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @coinbase: Did you read the WSJ's false story on Hamas & crypto?
Join @faryarshirzad, @SenLummis, @tomrobin, and @MicheleKorver on Spac…
Very pro-crypto
Cynthia Lummis
@SenLummis
Make no mistake, crypto assets are NOT the problem.
Bad actors, who exist in every sector, are.
The future for crypto assets in America is brighter than ever.
Very pro-crypto
Cynthia Lummis
@SenLummis
An inaccurate report last week claimed Hamas raised nearly $100 million via crypto assets.
In reality, it was less than $500,000.
This encapsulated the misconception that crypto is a tool for illicit finance when it accounts for less than 1% of global illicit finance activity. pic.twitter.com/7brB3tmxoV
Very pro-crypto
Cynthia Lummis
@SenLummis
.@CatoInstitute detailed how the faulty report about Hamas was part of a larger trend where the anti-crypto community scapegoats crypto assets as a tool for illicit finance.
cato.org/blog/warren-ta…
Very pro-crypto
Cynthia Lummis
@SenLummis
When it comes to illicit finance, crypto is not the enemy - bad actors are.
I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in illicit activities. pic.twitter.com/M3KGNFkpWc
Very pro-crypto
Cynthia Lummis
@SenLummis
I joined the Bitcoin Layer to discuss how I became interested in crypto assets and the work I am doing in Congress to ensure Washington passes much-needed crypto asset legislation.
Always a fun time with my friend @timevalueofbtc. twitter.com/TheBitcoinLaye…
Very pro-crypto
Cynthia Lummis
@SenLummis
FTX's collapse was not about the value of crypto assets, just as Bernie Madoff’s fraud was not about the stock market.
Rather, FTX showed the clear need to bring regulatory rules of the road to the crypto asset industry.
cnbc.com/2023/10/02/ftx…
Very pro-crypto
Cynthia Lummis
@SenLummis
Our judicial system has rightfully upheld what I have been saying - @SECGov cannot legislate through enforcement.
The path forward for establishing a federal regulatory framework for crypto assets must run through Congress. pic.twitter.com/aVBWF5EgDA
Very pro-crypto
Cynthia Lummis
@SenLummis
I’m encouraged to see @USTreasury finally issue its rules regarding tax reporting requirements for crypto brokers…however, I have serious concerns about the rule’s potential impact on decentralized crypto asset exchanges & its treatment of U.S. dollar-backed stablecoins. MORE https://t.co/6x5VeNnaJz
https://t.co/6x5VeNnaJz
Very pro-crypto
Cynthia Lummis
@SenLummis
Another sign that crypto assets are here to stay as part of the global financial system.
Now, Congress needs to secure America's status as the unquestioned global leader in financial innovation by creating clear regulatory rules of the road.
cnbc.com/2023/08/07/pay…
Very pro-crypto
Cynthia Lummis
@SenLummis
The lack of clear rules of the road at the federal level is creating a legal mess for the crypto asset industry while leaving Wyoming consumers and investors vulnerable to bad actors.
bloomberg.com/news/articles/…
Very pro-crypto
Cynthia Lummis
@SenLummis
Two weeks after introduction, the first pieces of Lummis-Gillibrand have passed the Senate, weeding out bad actors in the crypto space and ensuring crypto assets are not used to evade sanctions or fund terrorism.
Very pro-crypto
Cynthia Lummis
@SenLummis
The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets.
Lummis-Gillibrand is the comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.
Very pro-crypto
Cynthia Lummis
@SenLummis
"The Responsible Financial Innovation Act—which Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are reintroducing today—is the most comprehensive crypto bill ever to come before the U.S. Senate. It is also the most bipartisan."
forbes.com/sites/digital-…
Very pro-crypto
Cynthia Lummis
@SenLummis
What's new in the Lummis-Gillibrand Responsible Financial Innovation Act of 2023?
Consumer protection is heavily prioritized and criminal activity is cracked down on while a strong regulatory foundation for the crypto asset industry in America is solidified for the long haul. pic.twitter.com/SGNvwME0CP
Very pro-crypto
Cynthia Lummis
@SenLummis
The crypto asset industry is here to stay.
Today, @SenGillibrand and I are reintroducing landmark legislation to create a federal regulatory framework that allows crypto businesses and investors to prosper here in America while protecting consumers from bad actors. pic.twitter.com/z2pr0evWt2
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SquawkCNBC: "We need a regulatory framework that integrates crypto assets into our economy in a way that ensures consumer protection,"…
Very pro-crypto
Cynthia Lummis
@SenLummis
I am glad Chairman Powell recognizes what China and Europe have been working overtime to capitalize on -- crypto assets have real value and tremendous potential.
America is at a critical crossroads, and we must create legal clarity for the crypto industry and consumers. twitter.com/DocumentingBTC…
Very pro-crypto
Cynthia Lummis
@SenLummis
Wyoming's first-of-its kind crypto asset rules of the road have protected consumers, fueled financial innovation and allowed businesses to blossom & create jobs. It’s no surprise Wyoming ranks #1 in the nation and #7 in the world on Coindesk’s Crypto Hubs 2023 list.
Very pro-crypto
Cynthia Lummis
@SenLummis
More than 50 million Americans own a crypto asset.
We need to establish clear rules of the road that protect consumers and encourage financial innovation but limit the regulatory overreach that the SEC is currently engaging in.
cointelegraph.com/news/impossibl…
Very pro-crypto
Cynthia Lummis
@SenLummis
We successfully prevented @POTUS' 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over.
I am working on a regulatory framework that will allow individuals and companies to own and trade digital assets in America.
Stay tuned...
Very pro-crypto
Cynthia Lummis
@SenLummis
Thank you to Bitcoin 2023 for inviting me to speak!
America must welcome innovation and digital assets are the future of financial innovation. pic.twitter.com/vMeZosFUiU
Very pro-crypto
Cynthia Lummis
@SenLummis
A 30% tax hike on any specific industry is a blatant attempt by the administration to pick winners and losers.
I will not let President Biden tax the digital asset industry out of existence.
decrypt.co/140751/bitcoin…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @DigitalChamber: Going to #Bitcoin 2023? - Be sure to catch @PerianneDC moderating a discussion with @SenLummis & @PatrickMcHenry Friday…
Very pro-crypto
Cynthia Lummis
@SenLummis
Using revenue from fixing the wash sale rule as a bargaining chip in budget negotiations is wrong.
The revenue should be used to fund a regulatory framework for digital assets so the industry can grow.
Let’s talk more about the Lummis-Gillibrand digital asset framework! twitter.com/POTUS/status/1…
Very pro-crypto
Cynthia Lummis
@SenLummis
Thank you to @btcpolicyorg for inviting me to speak about the state of the digital asset industry.
My conversations with industry leaders have highlighted how close the US is to losing our title as the home of financial innovation.
I will not let it happen. pic.twitter.com/Fu4HzIGb3b
Very pro-crypto
Cynthia Lummis
@SenLummis
Fueling innovation and protecting consumers are at the heart of why it is critical to create a federal regulatory framework for digital assets.
Wyoming has led the way and Congress needs to catch up.
trib.com/opinion/column…
Very pro-crypto
Cynthia Lummis
@SenLummis
I joined @alexismtabak on the Glitter Ledger to discuss the Lummis-Gillibrand Digital Asset Framework and other work I’m doing here in the Senate to protect consumers and integrate digital assets into our financial system!
podcasts.apple.com/us/podcast/sen…
Very pro-crypto
Cynthia Lummis
@SenLummis
Industry leaders could not be more clear -- if Congress does not pass a digital asset regulatory framework soon, the industry will move overseas.
America has always been a leader in innovation, let's not lose our hard-earned reputation.
cointelegraph.com/news/us-crackd…
Very pro-crypto
Cynthia Lummis
@SenLummis
This is definitely the most interesting way I have ever heard digital asset mining explained… pic.twitter.com/zePZ1UsarO
Very pro-crypto
Cynthia Lummis
@SenLummis
The same admin that is focused on banning gas stoves and replacing gas powered cars now pushing to curtail digital asset mining over concerns with energy usage. This makes no sense.
This admin shouldn’t be picking winners and losers in what industries can use our energy grid. pic.twitter.com/DDjrKpO0iu
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @JulieNBCNews: EXCLUSIVE @NBCNews: In a letter sent to the SEC Thursday, House Fin Serv Chair @PatrickMcHenry & crypto proponent @SenLum…
Very pro-crypto
Cynthia Lummis
@SenLummis
"In sum, the effect of SAB 121 is to deny millions of Americans access to safe and secure custodial arrangements for digital assets."
My letter with @PatrickMcHenry here:
https://t.co/kEQKJMg4tC
My letter with @PatrickMcHenry here:
https://t.co/kEQKJMg4tCVery pro-crypto
Cynthia Lummis
@SenLummis
RT @AmerBanker: NEW: The new Lummis-Gillibrand crypto bill won't touch Federal Reserve master accounts. More details, including timing of t…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenatorHagerty: Regulators singling out business activities should alarm all Americans.
It doesn’t matter if it’s cryptoassets, firear…
Very pro-crypto
Cynthia Lummis
@SenLummis
Great news!
This will give companies who hold digital assets more certainty in their bookkeeping and ensure digital assets receive a fair value.
This is a big step forward.
wsj.com/articles/stand…
Very pro-crypto
Cynthia Lummis
@SenLummis
2022 lit the discussion around the regulation of digital assets on fire. While the Lummis-Gillibrand digital asset framework has not passed, we have a solid jumping-off point to pursue this legislation and further digital asset legislation next year.
Very pro-crypto
Cynthia Lummis
@SenLummis
Lummis slams Ex-crypto boss Sam Bankman-Fried for committing ‘pure and simple, good old-fashioned fraud’ foxbusiness.com/fbntv/ex-crypt… #FoxBusiness
Very pro-crypto
Cynthia Lummis
@SenLummis
'Bitcoin Senator' Lummis: FTX Collapse Shows 'It's Time' for Congress to Learn About Crypto (via @decryptmedia) decrypt.co/115929/bitcoin…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @ftlive: Senator Cynthia Lummis outlines the scope of her crypto regulation bill at #FTCrypto
@SenLummis pic.twitter.com/hMWZU4Vvqr
Very pro-crypto
Cynthia Lummis
@SenLummis
This is why we need comprehensive legislation around digital assets. Lummis-Gillibrand would contain the spread of firm failures like this. twitter.com/wsj/status/159…
Very pro-crypto
Cynthia Lummis
@SenLummis
-Clear property rights (not your keys, not your coins!)
-Strong protection & separation of customer assets on an exchange
-Tight limits on digital asset leverage & lending
-Strong protection & separation of customer assets on an exchange
-Tight limits on digital asset leverage & lending Very pro-crypto
Cynthia Lummis
@SenLummis
People in Wyoming place a high value of trust in their institutions. They bank where their grandfathers did. If the digital asset industry wants to have staying power, they need to build trust. My bill with @gillibrandny will build a framework to start building that trust.
Very pro-crypto
Cynthia Lummis
@SenLummis
It's clearer now than ever before that we need comprehensive regulation in the digital asset space. @gillibrandny and I stand ready with the solution. It's time for Congress to pass the Responsible Financial Innovation Act to safeguard Americans' hard-earned money.
Very pro-crypto
Cynthia Lummis
@SenLummis
Join the @CasperChamber and my state policy director Tyler Lindholm to learn more about how financial innovation and digital assets will play a role in Wyoming’s economy! Register here: casperwyoming.chambermaster.com/eventregistrat…
Very pro-crypto
Cynthia Lummis
@SenLummis
It is crucial that Congress leads on regulating digital assets. I am working hard with @gillibrandny to pass the Responsible Financial Innovation Act, which will protect consumers and solidify the US as the global financial leader for generations to come.
home.treasury.gov/news/press-rel…
Very pro-crypto
Cynthia Lummis
@SenLummis
It was an honor to welcome Professor Steve Lupien from the UW's Center for Blockchain and Digital Innovation to testify before the Commerce Committee. WY is blazing trails in the digital asset space, and UW is equipping students with the skills needed to compete in this industry.
Very pro-crypto
Cynthia Lummis
@SenLummis
Very pro-crypto
Cynthia Lummis
@SenLummis
I'm proud to accept the Digital Future Award from @crypto_council! This industry developed rapidly and Congress needs to catch up. That's why @gillibrandny and I introduced the Responsible Financial Innovation Act to protect consumers and empower innovators to set the US apart. pic.twitter.com/mWNmYlWNyD
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @BMcGleenon: The Crypto Mile joined by US Senator @SenLummis (designer with @SenGillibrand of #thecryptobill) talk digital asset as comm…
Very pro-crypto
Cynthia Lummis
@SenLummis
The Lummis-Gillibrand Digital Asset Framework will provide Congress with an appropriate next step as we move from theoretical to actual digital asset legislation. This will help cement American financial leadership for years to come.
cointelegraph.com/news/sen-lummi…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @FinancialCaucus: Great gathering at our staff briefing this week. Thank you to @FinanceHammer for speaking with us about crypto winter…
Very pro-crypto
Cynthia Lummis
@SenLummis
I enjoyed joining @SenGillibrand and @CongressmanGT for a great discussion on digital assets with @Chainalysis.
Digital assets are the future, and we must integrate them into our existing financial system. pic.twitter.com/VSxrz4pw7O
Very pro-crypto
Cynthia Lummis
@SenLummis
I joined @TheEconomist to discuss the Lummis-Gillibrand digital asset framework and the future of digital asset regulation. Listen here https://t.co/hCrENlfovx
https://t.co/hCrENlfovxVery pro-crypto
Cynthia Lummis
@SenLummis
Digital assets are here to stay. Check out my interview with @JackOtter on Barron’s Roundtable where we discuss the future of cryptocurrency markets and regulation of digital assets. 
youtube.com/watch?v=LPZF9i…
youtube.com/watch?v=LPZF9i…Very pro-crypto
Cynthia Lummis
@SenLummis
Honored to join the @Bloomberg Crypto Summit alongside @SenGillibrand. If you missed it, catch a recap here https://t.co/YA02t6SxDe
https://t.co/YA02t6SxDeVery pro-crypto
Cynthia Lummis
@SenLummis
RT @BloombergLive: NOW: #BloombergCrypto is live from New York! Don’t miss conversations with @SenGillibrand, @SenLummis, @novogratz, Forme…
Very pro-crypto
Cynthia Lummis
@SenLummis
In the Responsible Financial Innovation Act, both the CFTC and SEC play an important role in regulating digital assets. You can listen to the Decrypt Podcast below to learn more. twitter.com/decryptmedia/s…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @KatieCanales1: A new crypto bill would help classify crypto as commodities or securities.
Its co-writer is Sen. Cynthia Lummis, who ha…
Very pro-crypto
Cynthia Lummis
@SenLummis
Looking to learn more about digital assets and Wyoming’s opportunity to create jobs and revenue in this space?
Head over to lummis.senate.gov/financial-inno…!
Very pro-crypto
Cynthia Lummis
@SenLummis
Grateful to the @DigitalChamber for their support of the Lummis-Gillibrand Digital Asset Framework. pic.twitter.com/x0u13nNsb7
Very pro-crypto
Cynthia Lummis
@SenLummis
.@PatrickMcHenry and I led a letter to @EPAMichaelRegan urging him to fully study the potential environmental benefits of digital asset mining. Read the letter
https://t.co/p1mp1JuSFu
https://t.co/p1mp1JuSFuVery pro-crypto
Cynthia Lummis
@SenLummis
Digital asset miners are no stranger to using innovative sources of energy. @JAI_Energy in WY is a prime example of a company working with oil & gas producers to make a positive impact through bitcoin mining. The EPA must study all environmental impacts before regulating.
Very pro-crypto
Cynthia Lummis
@SenLummis
Do you have a passion for digital assets & strong coalition building skills? I'm looking for a Senior Policy Advisor/Coalition Builder to join my DC office and help us continue our work on digital asset policy. If you fit the bill, send your resume to jobs@lummis.senate.gov.
Very pro-crypto
Cynthia Lummis
@SenLummis
Wyoming banks are at a standstill as they wait on an opaque process inside the Federal Reserve. This is unacceptable and it’s time for the Fed to give us some answers about why we’re not regulating digital assets. pic.twitter.com/WSGz6dt3s8
Very pro-crypto
Cynthia Lummis
@SenLummis
The digital asset industry was built by individuals and will continue to be sustained by individuals. That's why @SenGillibrand and I want input from the grassroots. If you have constructive thoughts on our legislation, make your voice heard on GitHub at github.com/responsible-fi…
Very pro-crypto
Cynthia Lummis
@SenLummis
When it comes to regulation, it’s the wild west for the digital asset industry. It's difficult to hold institutions to account when there are no clear guidelines for the regulation of digital assets. The Lummis-Gillibrand Framework provides clarity to stakeholders & regulators.
Very pro-crypto
Cynthia Lummis
@SenLummis
Last August, the Senate faced its first challenge in regulating digital assets during the infrastructure bill debate. We didn’t provide the clarity industry needed then, but Lummis-Gillibrand fixes the broker definition and brings our financial system into the 21st century.
Very pro-crypto
Cynthia Lummis
@SenLummis
Digital asset miners in WY are hooking their computers up to natural gas flares. This provides the power they need to mine their digital assets, and also keeps greenhouse gases out of the atmosphere.
Lummis-Gillibrand recognizes that innovation and encourages more.
Very pro-crypto
Cynthia Lummis
@SenLummis
RFIA proposals introduce innovative digital asset regulation through ancillary assets iflr.com/article/2a89wn…
Very pro-crypto
Cynthia Lummis
@SenLummis
More than 34 million Americans report owning some form of digital assets.
We’re regulating this 21st century technology with 20th century regulations. It’s time for an upgrade, and the Lummis-Gillibrand plan accomplishes that.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @VICENews: Wyoming' @SenLummis, a longtime champion of Bitcoin, tells @ElizLanders it's "here to stay." She's also pushing for regulator…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @VICENews: The cryptocurrency market is worth billions of dollars, but has very few rules. Lawmakers and the Biden administration are fi…
Very pro-crypto
Cynthia Lummis
@SenLummis
Any emerging industry comes with risks. The Lummis-Gillibrand plan sets up clear consumer protections while promoting innovation in the digital asset industry. This includes disclosures, regulatory sandboxes, and clear guidelines for regulators.
lummis.senate.gov/press-releases…
Very pro-crypto
Cynthia Lummis
@SenLummis
Tune in: I’m joining @PostLive today at 9:25 a.m. alongside @SenGillibrand to discuss our digital assets legislation
washingtonpost.com/washington-pos…
Very pro-crypto
Cynthia Lummis
@SenLummis
I’m about to join @SenGillibrand and @PostLive to discuss our digital asset framework. You can watch it live here
https://t.co/J8Dhmw7ew4
https://t.co/J8Dhmw7ew4Very pro-crypto
Cynthia Lummis
@SenLummis
RT @crobmatthews: Bipartisan crypto bill would have CFTC oversee bitcoin, ether and most other digital assets marketwatch.com/story/bipartis…
Very pro-crypto
Cynthia Lummis
@SenLummis
Two senators unveil their crypto regulation proposal finance.yahoo.com/news/senators-… via @YahooFinance
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @DigAssetMarkets: The Association for Digital Asset Markets (“ADAM”) applauds Senator @senlummis and @sengillibrand for their bipartisan…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @allyversprille: A sweeping bill from a bipartisan Senate duo would address some of the hottest issues facing the crypto industry includ…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @crypto_council: 1/#crypto policy making the news today
The Crypto Council for Innovation commends the bipartisan leadership from @Sen…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SquawkCNBC: Should #Bitcoin be able to be used in your retirement fund? @andrewrsorkin asks @SenLummis and @SenGillibrand: https://t.co…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @FreedomWorks: Flashback to February: In the Senate, @SenLummis is one of the most vocal advocates of #Cryptocurrency! #ampFW https://t.…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @MeetThePress: Senators introduce bipartisan comprehensive bill to regulate cryptocurrencies
GOP Sen. Cynthia Lummis and Democratic Sen…
Very pro-crypto
Cynthia Lummis
@SenLummis
As a former state treasurer, I am excited by the possibilities of incorporating digital assets into the American financial system. The legislation that @SenGillibrand and I are proposing will do just that.
Very pro-crypto
Cynthia Lummis
@SenLummis
We’ve been teasing it for months, but the time is almost here – a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week. Stay tuned 
Very pro-crypto
Cynthia Lummis
@SenLummis
Digital assets are changing the game, and Congress needs to keep up if we’re going to continue to be the global financial leader. If you missed the panel I did at @Heritage with @CaitlinLong_ and @Saylor, you can catch it here: heritage.org/markets-and-fi…
Very pro-crypto
Cynthia Lummis
@SenLummis
$60 billion collapse of major cryptocurrency is not the industry's Bear Stearns moment — senators and regulators explain why cnb.cx/3wUKzQh
Very pro-crypto
Cynthia Lummis
@SenLummis
I enjoyed my time with the folks at @AEI last week. Digital assets are here to stay and it’s high time that Congress catches up. Hear more about the framework @SenGillibrand and I are developing in this discussion.
twitter.com/AEIecon/status…
Very pro-crypto
Cynthia Lummis
@SenLummis
I am working diligently with @sengillibrand to finalize bill text of our comprehensive digital asset legislation.
Any language circulating online is an incredibly outdated version from March 1. Stay tuned for our release of the actual bill on June 7th!
Very pro-crypto
Cynthia Lummis
@SenLummis
My state policy director, @Tyler_Lindholm will be at the Sublette County Chamber of Commerce to talk about digital assets and how Wyoming is leading in this emerging industry. If you can’t attend in person, you can participate via zoom. Find out more here: sublettechamber.com
Very pro-crypto
Cynthia Lummis
@SenLummis
Grateful to the @DigitalChamber for hosting @SenGillibrand and I today.
Digital assets are non-partisan, so it’s important that any framework governing them is bipartisan. pic.twitter.com/t6zQw2cjL8
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @DigitalChamber: We're happy to announce a fireside chat with Sen. @CynthiaMLummis and @SenGillibrand, moderated by @ricedelman - Crypto…
Very pro-crypto
Cynthia Lummis
@SenLummis
Thank you to The @Heritage Foundation for inviting me to join their panel on “Bitcoin and the American Experiment.” So great to join @CaitlinLong_ and @saylor to discuss the future of Bitcoin in our American financial system. pic.twitter.com/krkDerfECs
Very pro-crypto
Cynthia Lummis
@SenLummis
Very pro-crypto
Cynthia Lummis
@SenLummis
Crypto has made unlikely allies of two US Senators, who say regulation is needed now more than ever after recent market turmoil bloomberg.com/news/articles/… via @bpolitics
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @AEIecon: This afternoon @AEI-- Paul Kupiec welcomes @SenLummis for a discussion about the regulation and future of crypto assets. Regis…
Very pro-crypto
Cynthia Lummis
@SenLummis
Can’t wait to join the folks at @AEI to talk about the future of digital asset regulation and my upcoming legislation to bring digital assets into the American financial system.
RSVP here: aei.org/events/regulat…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @DigitalChamber: We’re announcing Sen. Cynthia Lummis as a #DCBlockchain Summit speaker! @CynthiaMLummis has been a champion of bitcoin…
Very pro-crypto
Cynthia Lummis
@SenLummis
Had a great time speaking at the @TheBitcoinConf today. Looking forward to chatting with more participants this weekend! pic.twitter.com/hf7C8sLeaM
Very pro-crypto
Cynthia Lummis
@SenLummis
Janet Yellen is facing the facts: digital assets are here to stay. For the US to remain the global financial leader, we must innovate. I’ll continue to monitor the Biden admin’s actions in the space, while working with @SenGillibrand & others to create smart laws to govern it.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @krakenfx: 
Live at #Bitcoin2022
Kraken’s Chief Legal Officer @msantoriESQ hosts a fireside chat on the Nakamoto Stage with U.S Senat…
Live at #Bitcoin2022
Kraken’s Chief Legal Officer @msantoriESQ hosts a fireside chat on the Nakamoto Stage with U.S Senat…Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SteveDaines: Digital assets are part of the future—let’s embrace them!
Very pro-crypto
Cynthia Lummis
@SenLummis
Digital assets are here to stay. This technology creates opportunities for nearly every sector in our economy. It reduces clearing time for transactions, it opens up opportunities for the unbanked, and creates new potential for businesses and jobs around the country.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @CoinJournal: Who is America's top crypto politician?
Find out here: coinjournal.net/news/americas-…
Very pro-crypto
Cynthia Lummis
@SenLummis
It was great to have the opportunity to talk through the future of digital assets with @SenGillibrand last week. If you missed it, check out the @PoliticoLive recap at politi.co/36XywHD
Very pro-crypto
Cynthia Lummis
@SenLummis
Gillibrand, Lummis plan new regulatory framework for crypto - POLITICO politico.com/news/2022/03/2…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @POLITICOLive: @SenLummis says the CFTC will play a “huge role” role in regulating digital currencies in the crypto bipartisan legislati…
Very pro-crypto
Cynthia Lummis
@SenLummis
Right now in Wyoming, Bitcoin companies are using flared methane from natural gas operations to power their computers. They are keeping methane out of the atmosphere while actively mining Bitcoin. #POLITICOTech
Very pro-crypto
Cynthia Lummis
@SenLummis
It’s been a long time coming, but my bill to fully integrate digital assets into our financial system is almost ready! I’m putting the final touches on it with some key advocates and partners in the Senate, but watch out for an unveiling soon! pic.twitter.com/gpHh2JVgKd
Very pro-crypto
Cynthia Lummis
@SenLummis
My statement on President Joe Biden’s executive order on digital assets today: pic.twitter.com/SiPkdRYk65
Very pro-crypto
Cynthia Lummis
@SenLummis
Chair Powell is right. We need a framework for this industry, and I’m working on one now. The major digital asset exchanges in the US are complying with sanctions against individuals in Russia. It makes no sense to punish or single them out before they’ve done anything wrong. twitter.com/kr00ney/status…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @kevinolearytv: Thank you @SenLummis for hosting my bi-partisan meeting with #senators on #TheHill to discuss #crypto policy. The goo…
Very pro-crypto
Cynthia Lummis
@SenLummis
Good to see that the Dept of Justice is taking digital asset crime seriously, but the Biden admin needs to recognize and support all of the good entrepreneurs and innovators operating in this space. The US should lead on every aspect of digital assets, not just law enforcement. twitter.com/YahooFinance/s…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @OrrinHatch: From discussing the possibility of Bitcoin on the Fed’s balance sheet to green crypto mining, today’s discussion was one fo…
Very pro-crypto
Cynthia Lummis
@SenLummis
Excited to join @orrinhatch Foundation to discuss how digital assets will impact the American economy. It’s not too late to register at orrinhatchfoundation.org/rsvp! pic.twitter.com/SypQpJmM0y
Very pro-crypto
Cynthia Lummis
@SenLummis
Big things are coming to Wyoming. The WY legislature and @GovernorGordon's office have laid the groundwork to make Wyoming a destination for digital asset companies of all kinds. Excited for what’s to come.
youtube.com/watch?v=UIDoZS…
Very pro-crypto
Cynthia Lummis
@SenLummis
3/ It doesn’t say it explicitly, but this is a direct attack on the digital asset industry. The Treasury Department already has broad authority in this area, but it has a strict time limit and a public notice requirement.
Very pro-crypto
Cynthia Lummis
@SenLummis
I’m genuinely undecided whether there is a legitimate need for a CBDC when we have stablecoins, and I look forward to working with Chair Powell and Governor Brainard to figure this out.
Very pro-crypto
Cynthia Lummis
@SenLummis
The Federal Reserve rightly acknowledges that digital assets are here to stay.
Very pro-crypto
Cynthia Lummis
@SenLummis
I’m encouraged that the Fed recognizes what I’ve said all along, that “protecting consumer privacy is critical” in a CBDC. Here’s what I said about CBDCs and stablecoins on the Senate floor in September.
congress.gov/congressional-…
Very pro-crypto
Cynthia Lummis
@SenLummis
Most importantly, as the report notes, Congress will ultimately decide whether we should create a US CBDC. I encourage you to submit comments to the Fed on a potential CBDC by May 20, 2022 here.
federalreserve.gov/apps/forms/cbdc
Very pro-crypto
Cynthia Lummis
@SenLummis
Stablecoins have an important role to play in America’s financial future. At the same time, even countries like the UK are skeptical about the need for a CBDC.
publications.parliament.uk/pa/ld5802/ldse…
Very pro-crypto
Cynthia Lummis
@SenLummis
Unfortunately I was not able to join today’s @BankingGOP hearing because of illness but I’m a firm believer that stablecoins are important to America’s financial future. I look forward to working with my colleague @SenToomey to put in place a common sense regulatory framework.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @CoinDesk: Crypto has become a key issue for the U.S. Congress over the past 12 months.
One Senator has led the conversation.
@S…
Very pro-crypto
Cynthia Lummis
@SenLummis
I had a great time talking to Tony last week on the @ThinkingCrypto1 podcast. He had great questions about what to expect from Congress for the future of digital assets, and I may have given him some insight into the digital asset bill I’m currently working on. Check it out! twitter.com/ThinkingCrypto…
Very pro-crypto
Cynthia Lummis
@SenLummis
It’s great to see federal banking agencies plan for real movement in the digital asset space. Digital assets are here to stay and I’ll be watching to make sure regulators provide innovators with clear guidelines to continue to innovate and also protect consumers from bad actors.
Very pro-crypto
Cynthia Lummis
@SenLummis
Ron Swanson definitely owns crypto, but he’ll never let the government know. twitter.com/justinwingerte…
Very pro-crypto
Cynthia Lummis
@SenLummis
Digital assets are here to stay, and responsible regulation that protects consumers from bad actors is important. However, we also have to make sure we aren’t stifling innovation.
Very pro-crypto
Cynthia Lummis
@SenLummis
My thoughts on the President’s Working Group Report on Stablecoins 
https://t.co/zSxM7w8Diq
https://t.co/zSxM7w8DiqVery pro-crypto
Cynthia Lummis
@SenLummis
Looking forward to joining @thedacfp at their Vision Conference on October 19th.
Digital assets have an important role in our financial system moving forward. See you tomorrow! pic.twitter.com/J22MkHDMvh
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our…
Very pro-crypto
Cynthia Lummis
@SenLummis
Wyoming is the leader in digital asset legislation, and the University of Wyoming is working to equip students to join one of the fastest growing industries in the American economy. I’m excited to see what this program has to offer.
wyomingnews.com/wyomingbusines…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @CNBC: Wyoming leaning into crypto in a push to attract miners and other crypto-related businesses. @Kr00ney reports. https://t.co/ljj8j…
Very pro-crypto
Cynthia Lummis
@SenLummis
Critical that CFTC AND SEC engage to provide digital asset industry w/ more no-action relief and interpretive guidance on the front end.
coindesk.com/secs-gensler-t…
Very pro-crypto
Cynthia Lummis
@SenLummis
Agree with @GaryGensler that we need regulatory certainty for digital asset traders and lenders—but the devil is in the details. Congress WILL weigh in and both @SECNews and @CFTC have important roles to play.
Very pro-crypto
Cynthia Lummis
@SenLummis
New laws cannot put the thumb on the scales for a specific digital asset or against the industry as a whole, and MUST enable responsible innovation. Will work with my colleagues to create a balanced framework that gets this right.
Very pro-crypto
Cynthia Lummis
@SenLummis
We will continue to look for ways to fix the digital asset language in this bill. It might not be today, but we won’t give up.
Very pro-crypto
Cynthia Lummis
@SenLummis
The future is in digital assets. pic.twitter.com/ldzWUUW8aU
Very pro-crypto
Cynthia Lummis
@SenLummis
We’ve been working all weekend to come up with a compromise to address the digital asset broker issue in the Bipartisan Infrastructure Framework. While it’s not perfect, it protects innovation and doesn’t choose winners and losers.
Very pro-crypto
Cynthia Lummis
@SenLummis
Our effort to get a vote on a digital asset fix failed because other senators refused to set aside their disagreements to support something they could actually agree on. Thanks @SenToomey for explaining this at the end of our effort on the floor.
c-span.org/video/?c497294…
Very pro-crypto
Cynthia Lummis
@SenLummis
This has been an interesting day. Here’s what is happening: First, we’ve been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome.
Very pro-crypto
Cynthia Lummis
@SenLummis
We should ensure that people aren’t trying to avoid taxes by sheltering their money in digital assets, but we can do that without stifling innovation and choosing winners and losers.
Very pro-crypto
Cynthia Lummis
@SenLummis
The Senate has the opportunity to set the stage for successful implementation of digital assets into our financial system, but we have to get it right here, and we have the perfect opportunity. Let’s get ‘er done.
Very pro-crypto
Cynthia Lummis
@SenLummis
Our position as the global financial leader is a privilege, not a right. Other countries have a head start on us in the development of digital assets. If we get this wrong, we handicap ourselves and put our future prosperity at risk.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @cameron: 12/ The Wyden-Lummis-Toomey Amendment is win-win for lawmakers and our industry. It will provide tax revenue from crypto and e…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @tedcruz: Right now, supporters of crypto & blockchain are LOSING this fight that will define crypto’s future.
That’s why I’m proud to…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: The Warner-Portman plan exempts bitcoin miners, but not other transaction validators or software developers who create these…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @michellebond111: Digital assets are the future of finance. Thwarting the U.S. market only weakens our global financial position and all…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: .@USTreasury wants maximum flexibility to regulate and tax crypto as they see fit. Congress should not allow that to happen.…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: While I appreciate that my colleagues and the White House have acknowledged their original crypto tax had flaws, the Warner-…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: Now isn’t the time for the IRS to pick winners and losers with a new technology.
Crypto has the potential to be the future…
Very pro-crypto
Cynthia Lummis
@SenLummis
Strong statements on the Senate floor just now from @SenToomey and @RonWyden on our crypto amendment. This amendment will help bring digital assets more fully into our financial system.
Very pro-crypto
Cynthia Lummis
@SenLummis
Wyden-led amendment would clarify cryptocurrency reporting rules rollcall.com/2021/08/04/wyd…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @SenToomey: While Congress works to better understand and legislate on issues surrounding the development and transaction of cryptocurre…
Very pro-crypto
Cynthia Lummis
@SenLummis
Financial innovation is bipartisan. We need input from Republicans & Democrats to ensure that we effectively integrate digital assets into our tax code without harming the technology. I look forward to continuing this work as we bring our financial industry into the 21st century.
Very pro-crypto
Cynthia Lummis
@SenLummis
Digital assets are here to stay, and while more work needs to be done, the Wyden-Lummis amendment integrates them into the financial system while leaving room for innovation.
lummis.senate.gov/press-releases…
Very pro-crypto
Cynthia Lummis
@SenLummis
Cryptocurrency industry gains support in narrowing tax proposal
politico.com/news/2021/08/0… via @politico
Very pro-crypto
Cynthia Lummis
@SenLummis
More to come but we're proud of the work we've been able to do with @RonWyden to responsibly address digital assets in the BIF.
Stay tuned for more on our amendment.
Very pro-crypto
Cynthia Lummis
@SenLummis
About to join @Varneyco on Fox Business to chat about digital assets and more.
Tune in!
Very pro-crypto
Cynthia Lummis
@SenLummis
WY has been a leader in digital asset legislation. It's time we bring those ideas to Congress. Check out my interview with @ylanmui where we discuss the future of digital assets and the government's role in their development.
cnbc.com/video/2021/06/…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @cnbcevents: "People are concerned that Washington could mess this up," says @SenLummis on crypto regulation, ruling out any possibility…
Very pro-crypto
Cynthia Lummis
@SenLummis
I joined Fox News Wyoming’s Will Silverstein to discuss Wyoming’s digital asset opportunities and the negative impacts of President Biden’s ban on new oil & gas leases on federal lands in Wyoming. pic.twitter.com/NcXxvDsUeN
Very pro-crypto
Cynthia Lummis
@SenLummis
A digital asset is like anything else you might own (house, car, or share of stock), but is a computer code-based representation of that asset. Basically, you own a computer code. Many digital assets hold value because of a “blockchain,” which we’ll focus on next.
Very pro-crypto
Cynthia Lummis
@SenLummis
I want to take a deeper dive into some of the buzzwords I've been using as I talk about financial innovation. Today we'll talk about digital assets. (1/2)
Very pro-crypto
Cynthia Lummis
@SenLummis
I’m about to join @Varneyco to talk digital assets, the #Bidenban on energy leasing, and the final frontier. Tune in!
Very pro-crypto
Cynthia Lummis
@SenLummis
“Lummis forcefully made the case that bitcoin not only provides a legitimate alternative store of value and medium of exchange but would act as a check on the devaluation of the U.S. dollar and other currencies through the runaway creation of fiat money.” twitter.com/reason/status/…
Very pro-crypto
Cynthia Lummis
@SenLummis
It was such a pleasure to meet @AliceMarieFree at @TheBitcoinConf last weekend. I look forward to talking to her more about criminal justice reform next time we meet. pic.twitter.com/ePoTi6UV5y
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @FinancialCaucus: .@SenLummis and @WarrenDavidson spoke at last week’s Bitcoin 2021 conference. #Bitcoin is about ensuring sound money,…
Very pro-crypto
Cynthia Lummis
@SenLummis
There’s a reason that crypto is used less for criminal activity than fiat currency.
blog.chainalysis.com/reports/2021-c… twitter.com/WarrenDavidson…
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @TheRealTahinis: We got to tell Senator @CynthiaMLummis how #Bitcoin affected our business and changed our lives to the better. #Bitcoin…
Very pro-crypto
Cynthia Lummis
@SenLummis
Very pro-crypto
Cynthia Lummis
@SenLummis
We need to bring our financial system into the 21st Century. That’s why we need the @FinancialCaucus. This caucus will educate senators of both parties about digital assets, blockchain, faster payments, and how the United States can surpass countries like China.
Very pro-crypto
Cynthia Lummis
@SenLummis
RT @FinancialCaucus: Did you know?
Digital Assets like #bitcoin are the preferred investment vehicle for younger Americans.
Very pro-crypto