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The Latest Breaking News from Cynthia Lummis

Stablecoins First Over Other Crypto Agenda: Senate Hearing On Digital Assets Triggers Frustration

Stablecoins took the spotlight during Wednesday's Senate Banking Committee hearing on digital assets, with Sen. Lummis noting that stablecoins will come first in terms of legislation.

International Business Times

Bitcoin Reserve Or Broken Promise? Crypto Community Divided As YouTuber Calls Trump's Pledge A 'Scam'

Some Bitcoiners are losing patience over the wait for a U.S. strategic Bitcoin reserve, while others are worried it was a "scam." Meanwhile, some $BTC holders believe they should just "trust the process" since a Bitcoin reserve will most likely take time to be established.

International Business Times

Bitcoin Sinks, MicroStrategy Dives As Initial Trump Euphoria Fades

The bitcoin price and MicroStrategy dived as the Trump election rally faded after a big heist and amid policy uncertainty.

Investors Business Daily

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Trump created the first ever U.S. sovereign wealth fund: Will it include Bitcoin?

Wyoming Sen. Cynthia Lummis sparked excitement by calling the move a “₿ig deal.”

Fortune

CBDCs Banned

Plus: Crime prevention, JFK assassination files, and more...

Reason

SEC Rescinds Contentious SAB 121 That Discouraged Banks From Providing Bitcoin Custody Services

The SEC, without ex-Chair Gary Gensler, has repealed SAB 121, a contentious bulletin that was deemed burdensome for banks and other traditional financial institutions who want to provide crypto custody services.

International Business Times

Bitcoin Reserve Advocate Lands Appointment. BlackRock CEO Lobbies For Crypto.

Sen. Cynthia Lummis was voted to lead a new subcommittee on digital assets. BlackRock, MARA execs lobby for crypto.

Investors Business Daily

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Expert's Take: Trump To Take 'Less Prosecutorial' Stance On Crypto, 2025 Outlook With Taraxa Co-founder

The crypto industry is on the verge of what could be a significant change as Donald Trump takes the White House for the second time – will his regime trigger a positive resolution?

International Business Times

Trump Ally Threatens Action If FDIC's Alleged 'Destruction' Of Crypto Choke Point Documents Proven

Sen. Cynthia Lummis said the FDIC has been accused of destroying materials related to Operation Choke Point 2.0, an alleged initiative by the Biden administration in coordination with regulators to block banks' engagement with digital assets.

International Business Times

Bitcoin Rebounds On Report Of Trump's Day 1 Pro-Crypto Executive Order

Bitcoin climbed above $97,000 Tuesday night amid a report that Donald Trump will sign an executive order on Day 1 that should benefit the crypto space.

International Business Times

Senate Republicans Discuss Trump's Strategic Interests In Panama Canal, Greenland

Senate Republicans express support for Trump's strategic interests in Panama Canal, Greenland, and Canada, citing national security concerns and geopolitic...

Top News

Governments and banks once mocked Bitcoin. Now they want in on it

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher.

Al Jazeera

Next Senate Banking Committee Chair Sees Crypto As A Potential Catalyst For Financial Democracy

Sen. Tim Scott will lead the Senate Banking Committee in 2025, and he has promised to champion change for the crypto industry, particularly on policies that stifle innovation at home turf.

International Business Times

$BTC Hits $108,000 As Experts Clash Over US Bitcoin Strategic Reserve

Bitcoin once again hit another price record Tuesday night amid optimism over a U.S. $BTC reserve, but not everyone is convinced a Bitcoin fund will work – what are the experts saying?

International Business Times

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Fortune

Bitcoin reaches new all-time high of $107,000 after Trump confirms plans for Bitcoin reserve

The currency surged after Trump promised to “do something great with crypto.”

Roll Call

Bill naming bald eagle national bird on way to White House - Roll Call

The bald eagle is the set to be the national bird of the United States after the House on Monday cleared a bill to make that official.

Fortune

The case for a strategic Bitcoin reserve

A Bitcoin reserve could both reduce the national debt and thwart attempts by U.S. rivals to create a competing currency.

Benzinga

Happy Bitcoin $100K Day: Here's How Nayib Bukele, Brian Armstrong, And Peter Schiff Reacted To The Historic Milestone

Bitcoin (CRYPTO: BTC), some sixteen years after its inception as a lesser-known decentralized digital money, is now worth over $100,000. Yes, you heard it right!

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Benzinga

Can Your Bitcoin Be Confiscated If Trump Establishes A National Reserve? Analyst Says Government Can Employ Carrot-And-Stick Policy

The expectations of a U.S. strategic Bitcoin (CRYPTO: BTC) reserve have skyrocketed following Donald Trump's presidential victory, with the cryptocurrency sector firmly behind the ambitious idea.

Benzinga

Peter Schiff Says The Bitcoin Reserve Bill Gets Plenty Of Attention, But Not On Capitol Hill — Questions Lack Of Co-Sponsors

Renowned economist Peter Schiff, on Monday, questioned the government’s plans to set up a strategic Bitcoin (CRYPTO: BTC) reserve, pointing out the lack of support in Congress.

Top News

Senate Republicans Meet With Pete Hegseth To Discuss Defense Vision

Senate Republicans support Pete Hegseth's vision for the Department of Defense despite personal allegations.

Benzinga

Why Bitcoin's Institutionalization Is 'A Concern'

Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks.

Benzinga

Donald Trump To Establish A National Bitcoin Reserve? Pros Vs Cons Compared

President-elect Donald Trump is considering a proposal to establish a national Bitcoin reserve, a move that could intertwine cryptocurrency with U.S. fiscal strategy.

International Business Times

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.

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