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The Latest Breaking News from Cynthia Lummis

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

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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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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.

Fortune

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

The Independent UK

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.

Roll Call

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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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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Roll Call

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.

The Independent UK

New crypto oversight legislation arrives as industry craters

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

Roll Call

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.

Los Angeles Times

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:

WEKU

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.

Benzinga

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.

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