Cynthia Lummis

Sen. Cynthia Lummis (R-Wyo.) on Tuesday voiced concerns over a tax proposal that appears in the White House’s 2025 budget draft.  What Happened: She said that the government is apparently optimistic toward cryptocurrencies, but warned of the dangers of a hefty tax.  “The White...

Sen. Cynthia Lummis (R-Wyo.) on Sunday expressed her support for Bitcoin (CRYPTO: BTC) mining and its benefits to the country’s energy infrastructure.  What Happened: She said on X, "As I've said for years, bitcoin mining is GOOD for America's energy grids and the development of new/...

A group of U.S. senators criticized the Securities and Exchange Commission over its handling of a cryptocurrency-related case, raising questions about the regulator’s broader enforcement practices. What Happened: The senators on the Senate Banking Committee, including J.D. Vance (R-Ohio) and...

Fierce discussions are taking place regarding the enactment of U.S. stablecoin legislation, according to Sen. Cynthia Lummis (R-Wyo.). The Senator remains hopeful about the possibility of the legislation being passed within the first half of 2024. What Happened: On Thursday, Sen. Lummis in an...

U.S. Sen. Cynthia Lummis (R-Wyo.) rebuffed Sen. Elizabeth Warren's (D-Mass.) claim that crypto is used for nefarious purposes. "Crypto is clearly not the problem," according to a post on X (formerly Twitter). What Happened: Lummis quoted a snippet from a...

The US Treasury Department’s suggested regulations for the burgeoning cryptocurrency industry have met with strong opposition from Republican lawmaker, Rep. Tom Emmer (R-Minn.). What Happened: As reported by The Block, the Treasury Department has proposed to Congress the introduction of new...

Senator Cynthia Lummis (R) and her colleague Senator Steve Daines (R), presented a bill to block cannabis legalization without congressional approval. What happened: On Thursday Lummis introduced the Deferring Executive Authority (DEA) Act, which aims to give Congress...

The U.S. Senate, comprising 100 members who represent the 50 states, conducts elections every six years for each seat. Some of these seats, currently occupied by members of Congress, will be up for grabs in the 2024 election.   A new poll sheds light on the most admired and least favored...

In the wake of the recent action taken by the Securities and Exchange Commission (SEC) on major cryptocurrency exchanges Binance and Coinbase, Senator Cynthia Lummis (R-Wyo.) has taken a swipe at the SEC, claiming that it has failed institutions in the cryptocurrency space. What Happened: Lummis on...

Sen. Cynthia Lummis (R-Wyo.)  has declared her opposition to President Joe Biden’s proposed 30% excise tax on Bitcoin (CRYPTO: BTC) miners. What Happened: Lummis on Thursday tweeted that the tax is a “blatant attempt by the administration to pick winners and losers,” adding that...

Cryptocurrency-friendly Senator Cynthia Lummis (R-Wyo.) believes that the reason “many young Americans are into Bitcoin” (CRYPTO: BTC) is because it is "sound money." What Happened: Lummis, on Tuesday, said the federal government’s blank check spending habits, the erosion of the...

Sen. Cynthia Lummis (R-WY), a staunch Bitcoin (CRYPTO: BTC) supporter and holder, has vociferously opposed Sen. Elizabeth Warren's (D-MA) proposed Digital Asset Anti-Money Laundering Act, presented on Wednesday.  What Happened: The proposed bill is intended to restrict financial...

The U.S. Securities and Exchange Commission (SEC) is challenging carbon credits. That’s according to Kevin O’Leary, who chatted with Benzinga while filming Shark Tank. The renowned investor explains that an SEC-mandated “audit of carbon credits” made publicly-listed...

A member of the U.S. Congress who has been bullish and outspoken on cryptocurrencies like Bitcoin (CRYPTO: BTC) is attracting large donations from cryptocurrency companies. What Happened: Executives of cryptocurrency companies and venture capitalists in the space beefed up donations to Cynthia...

The 2022 stock market weakness continued this week, with major indexes trading lower on another round of discouraging inflation data. What Happened: On Friday morning, the SPDR S&P 500 ETF Trust (NYSE: SPY) dropped 2.6% after the Labor Department reported the consumer price index rose 8.6...