On January 17, pro-cryptocurrency Senator Cynthia Lummis said that if the Federal Deposit Insurance Corporation (FDIC) destroys materials related to digital assets, it will face criminal consequences. In a letter sent to FDIC Chairperson Martin Gruenberg on Thursday, the Wyoming Republican senator said that the FDIC's whistleblower reported to her allegations that the documents were destroyed, adding that...
On January 8, US Senator Cynthia Lummis met with Paul Atkins, the nominee to chair the Securities Exchange Commission (SEC), to discuss digital asset legislation and rule reform. She hinted at possible future changes, joking about putting the SEC on an "Atkinsdiet." Previously, it was reported that on August 1, 2024, the US Senator from Wyoming...
Bitcoin Magazine published an article on the X platform saying that Senator Cynthia Lummis proposed the establishment of a US strategic bitcoin reserve, without the need to invest new funds, by revaluing gold certificates to market value and exchanging them for bitcoin.
U.S. Senator Cynthia Loomis of Wyoming recently raised the possibility of turning bitcoin into a reserve asset and proposed how the plan could be implemented, including involving the Federal Reserve. Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic bitcoin reserve program to deal with the national debt. I want to give it to them. I want our federal government to have a strategic bitcoin reserve to help support the dollar as the world...