Cynthia Lummis

Cynthia Lummis

Markets

Crypto Tax Exemptions Floated for $1T US Senate Bill

The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

Policy

How Controversial Crypto Tax Found Its Way Into US Infrastructure Bill

The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.

The infrastructure bill includes a controversial crypto tax provision that might expand the definition of "broker" beyond trading platforms to miners or developers.

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US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics

As central banks around the world race to establish a CBDC, Republican senators Marsha Blackburn, Cynthia Lummis and Roger Wicker are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing, citing privacy concerns. “CBDC nationalism could get really ugly,” host Zack Seward said.

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Policy

US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics

“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Sen. Cynthia Lummis.

Beijing is hosting the Winter Olympics in 2022.

Markets

Distributed Ledgers Included in Tech Bill Passed by US Senate

The bill gives a nod toward blockchain and now moves to the House.

Sen. Chuck Schumer is the lead sponsor of the Endless Frontier Act.

Videos

Senator Lummis Talks Crypto Regulation, Environmental Standards

Crypto-friendly Senator Cynthia Lummis of Wyoming discusses the need for governmental regulation in the crypto space to encourage responsible innovation. Plus, she shares her thoughts on using renewable energy for bitcoin mining.

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Markets

Senator Lummis’ Financial Innovation Caucus to Launch Tuesday

“We have to do a great deal more” to clarify the U.S. cryptocurrency regulatory framework, Wyoming's Cynthia Lummis said.

U.S. Senator Cynthia Lummis said the U.S. must create a more unified regulatory framework.

Videos

FDIC Chief Says Agency Wants to Know More About Digital Assets

The Federal Deposit Insurance Corporation (FDIC), one of the federal banking regulators in the U.S., is looking into how banks are exploring digital currencies. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De on the main takeaways. Plus, reactions to Senator Cynthia Lummis proposing making distributed ledgers a "key focus."

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Policy

US Senator Proposes Making Distributed Ledgers ‘Key Technology Focus’

Wyoming's Cynthia Lummis wants the U.S. government to make blockchain a priority.

Senator Cynthia Lummis (R-Wyo.) is sponsoring an amendment that would add digital ledger technology to a list of science and technology priorities for the federal government.

Videos

Sen. Cynthia Lummis on Bill to Create First SEC-CFTC Digital Asset Task Force

The U.S. Senate Banking Committee is considering a bill that would create a digital asset working group to ensure collaboration between regulators and the private sector to foster innovation. Pro-bitcoin committee member and Wyoming Senator Cynthia Lummis weighs in on the legislation and how Congress will receive it.

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