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The Latest Breaking News from Cynthia Lummis

Senate swoops in, centuries late, to name bald eagle national bird - Roll Call

The Senate passed a bill to designate the bald eagle as the national bird after research showed it had never been officially chosen.

Roll Call

Bitcoin 2024 Key Takeaways: $BTC-Centric Executive Orders, Strategic Reserve Bill, Firing Gensler

Bitcoin 2024 in Nashville has ended, but talks around the massive announcements during the conferences continue, especially with promises made by two presidential candidates, as well as a potential bill to make $BTC a U.S. strategic reserve asset.

International Business Times

Bitcoin As A Reserve Asset Is 'Possible' But Difficult To Pull Off: Expert

Bitcoin has been called many things – the future of money, the catalyst of a financial revolution, and a hedge against inflation, but in recent days, it has been floated as a potential strategic reserve asset for the U.S.

International Business Times

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After House, Senate Votes To Revoke Contentious SEC Crypto Custody Bulletin

The Senate has followed suit after House members voted in favor of Rep. Flood's resolution revoking SAB 121, which has been at the center of criticism from the crypto industry.

International Business Times

Senator Blasts DOJ's Stance Over Self-Custody Crypto Wallets

Sen. Lummis, who has called for regulations that do not stunt innovations in the crypto space, on Wednesday called out the Biden administration for criminalizing the "core tenants of the Bitcoin network."

International Business Times

Senate looks to clear aid bill Tuesday night with no amendments - Roll Call

Senate leaders decided to power through opponents' speechifying in hopes of clearing aid for Ukraine, Israel and Taiwan by Tuesday night.

Roll Call

Crypto Group, US Chamber Of Commerce Back Coinbase Call For Clear SEC Crypto Rules

Coinbase challenged the SEC last year after the regulator filed a lawsuit against the crypto exchange, and now more industry and business groups are tuning in – a growing number of them on Coinbase's side.

International Business Times

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US Lawmakers Move Resolution To Repeal SEC's Crypto Custody Accounting Rule

A group of U.S. lawmakers are calling on the SEC to repeal its controversial SAB 121 policy that requires digital assets custodians to report liabilities and assets on their balance sheets.

International Business Times

SEC Chair Gensler Claims Isolation of X Account Hack Amidst Mounting Political Pressure From Lawmakers

A parliament of Senators immediately demanded an answer from the SEC following the security incident that led to false yet market-moving information.

International Business Times

Tether's Letter To Lawmakers Reveals It 'Recently Onboarded' Secret Service On Its Platform

In October, Sen. Cynthia Lummis and Rep. French Hill urged Attorney General Merrick Garland "to carefully evaluate the extent to which Binance and Tether are providing material support and resources to support terrorism."

International Business Times

Sen. Gillibrand wants her fellow Democrats to get on board with crypto legislation

Digital asset regulation has become a partisan issue, especially as a government shutdown looms.

Fortune

Senate pickleball caucus leaves politics off the court

Some bipartisan senators are picking up paddles and trying out America's fasting growing sport as a way to build relationships. They're trading partisan barbs for friendly competition.

WEKU

One of the cannabis industry's major opponents reemerged this week

The cannabis industry has many champions, but it also has some powerful enemies.

The Street

New Crypto Bill Aims To Circumvent SEC's Regulation-by-Enforcement Strategy

Plus: Steep drop in confidence in higher education, what The Bear can teach us about dynamism and bureaucracy, and more...

Reason

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Fortune

Senators Lummis and Gillibrand finally unveil their revamped crypto bill

The legislative proposal inserts the Senate back in the conversation and empowers the CFTC.

Fortune

‘Most comprehensive proposal to date’: Lummis and Gillibrand to reintroduce landmark crypto bill

The long-awaited legislation would tackle thorny questions like market structure and stablecoin oversight.

The Independent UK

Senate votes to limit critical habitat designation for imperiled species and drop bat's protections

The U.S. Senate has voted to overturn two Biden administration policies intended to protect endangered species

Roll Call

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

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Ballotpedia

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.

Reason

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...

The Independent UK

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

Fortune

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?

The Independent UK

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

WEKU

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.

Tribune News Service

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.

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