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Cynthia Lummis

Republican Senator from Wyoming

Notable statements

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Cynthia Lummis

@SenLummis

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I joined @SquawkCNBC to discuss the details of my brand new stablecoin legislation. The bill will cultivate innovation and allow the rapidly growing crypto asset industry to continue to gain a foothold in the U.S. while ensuring there are adequate consumers protections. pic.twitter.com/RNFb0CCztf
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Bitcoin network has a programmed schedule to create new Bitcoin approximately every 10 minutes for “miners” protecting the network with powerful computers. This mining process uses energy to create new bitcoins, just like gold miners use energy to extract more gold.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Today's Halving is extra special because for the first time ever Bitcoin will become more scarce than gold. Bitcoin continues to prove itself as a store of value and the Halving is a key reason why. Happy Halving!
Very pro-crypto
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Cynthia Lummis

@SenLummis

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About every 4 years, the programmed amount of Bitcoin created every 10 minutes is cut in half, aka the “Halving.” This ensures the supply is always increasing relative to the amount being created. Supply & demand is the basis of economics and Bitcoin is no different.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Happy Halving! The 'Halving' is one of Bitcoin’s ingenious features that creates scarcity and value, in the same way that scarcity in gold creates value. So, what exactly is the Halving? And, why is today’s extra special?
Very pro-crypto
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Cynthia Lummis

@SenLummis

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In order to meet the growing demand for our ever-evolving financial industry, we need to craft legislation that strikes the careful balance of establishing a clear and workable framework for stablecoins while protecting consumers. My bill with @gillibrandny achieves just that. x.com/CoinDesk/statu…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The bill authorizes state non-depository trust companies to issue payment stablecoins up to $10 billion, with limited-purpose state/OCC depository institutions authorized to issue any amount.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Crypto assets are going to continue to change the world, and the U.S. is at a crossroads - embrace innovation and lead the world forward or get left behind. Let's pass comprehensive stablecoin legislation to take the first step in ensuring our nation is a leader.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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In light of the FTX collapse, the Lummis-Gillibrand Payment Stablecoin Act establishes proper custody and third-party risk management practices to maximize consumer protection while allowing the emerging industry to continue to grow.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @gillibrandny: I'm proud to join @SenLummis to introduce the Payment Stablecoin Act. Passing a regulatory framework for stablecoins is…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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🚨@gillibrandny and I are introducing the most comprehensive stablecoin bill to date. Crypto assets are revolutionizing the world and as the undisputed leader in financial innovation, the U.S. must embrace crypto assets, but it cannot be done without clear rules for stablecoins. pic.twitter.com/vwRUEBUdsl
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Lummis-Gillibrand Payment Stablecoin Act solves key policy challenges that have lingered around previous proposals & provides prudential regulation & added consumer protections to stablecoin issuers. But above all, it allows innovation to prosper.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Recent advancements in financial innovation have laid bare shortcomings in current U.S. policy regarding stablecoins, which fails to strike the delicate balance of promoting financial innovation without sacrificing consumer protections. x.com/CoinDesk/statu…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I always enjoy having the opportunity to talk to my colleagues about crypto assets, and I sincerely appreciate @cdixon taking the time to speak with our bipartisan Financial Innovation Caucus. x.com/FinancialCaucu…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Between the Bitcoin spot ETF approval and the upcoming halving, 2024 is already proving to be a huge year for crypto assets. I am thrilled to be joining the #DCBlockchainSummit on May 15th to discuss what needs to be done to ensure America does not fall behind. pic.twitter.com/EVlGJ3sqkk
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Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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If a Bitcoin mining ban will cost Paraguay's economy $200 million per year, how damaging would a similar ban be in the United States? President Biden's proposed 30% mining tax is so punitive it is a de facto ban. The U.S. must embrace innovation not big government mandates. x.com/Cointelegraph/…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Between a bullish budget forecast and a $2 billion Bitcoin seizure, the Biden admin's actions are starting to suggest it sees the value in crypto assets despite publicly downplaying the industry’s potential. Is the U.S. government becoming one of the biggest HODLers? x.com/Blockworks_/st…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The White House 2025 budget is incredibly bullish on crypto assets, some might even say they believe it’s going to the moon.🚀 But a proposed 30% punitive tax on digital asset mining would destroy any foothold the industry has in America.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The future for crypto assets has never been brighter. Congress must embrace innovation and pass a regulatory framework that protects consumers and encourages the industry to make a home in America. x.com/YahooFinance/s…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Thank you @MilkenInstitute for hosting the 2024 Future of FinTech Symposium. We had a great discussion on why it is critical America is the country of choice for the crypto asset industry. The U.S. is the undisputed home of financial innovation, and crypto is the next frontier. pic.twitter.com/ateuLpEnOS
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Department of Energy officially withdrew its crypto mining usage survey today, a win for crypto mining and the entire crypto asset community. I will continue to fight back against this blatant government overreach to ensure crypto is not unfairly targeted by the Biden admin.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I am thrilled the Department of Energy suspended its crypto asset mining usage survey. DOE should never pick winners and losers with who can access the energy grid.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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.@ENERGY's plan to start a database to track crypto-mining operations is incredibly concerning. The Biden admin cannot say it is concerned about crypto mining's energy use when it is pushing an EV mandate that will increase grid demand by nearly 40%. breitbart.com/politics/2024/…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Could not agree more. Let's pass Lummis-Gillibrand to protect consumers, give the crypto asset community a home in America and continue our nation's reputation as the undisputed home of financial innovation. twitter.com/taylorjbarr/st…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I had a great discussion with @CoinDesk on what the approval of #Bitcoin spot ETFs means for the future of crypto assets in America, what to expect on crypto legislation in Congress this year and much more. twitter.com/CoinDesk/statu…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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$900 million in non-crypto (fiat currency) money laundering vs $900,000 in crypto money laundering. Crypto is clearly not the problem. Criminals and bad actors are. It would be a historic mistake to crush an entire emerging industry based on incorrect data. twitter.com/SamLyman33/sta…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @blockchaintpsht: .@SenLummis spoke to us today about the state of digital assets legislation in Congress. Among her observations: On S…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @YahooFinance: .@SenLummis says the $BTC ETF approvals show it's prime time for crypto regulation legislation: "We are now behind many c…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I am thrilled @SECGov granted approval for all 11 #Bitcoin spot exchange traded funds. Read my full statement ⬇️ https://t.co/VkSbtVE2Do
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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Nobody should find out they are a felon because of regulatory uncertainty, but sadly the rules surrounding crypto assets in America are as clear as mud right now. This snapshot shows exactly why we need the regulatory clarity provided in Lummis-Gillibrand. twitter.com/DigitalChamber…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The world is watching to see if America will continue to embrace innovation or not. The status quo of regulating through enforcement creates unclear rules for businesses and leaves consumers vulnerable. Congress must create rules of the road for the crypto asset industry. twitter.com/CNBC/status/17…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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.@PatrickMcHenry has honorably served the people of North Carolina’s 10th district and has been a champion of financial innovation as the chair of @financialcmte. I appreciate the work we’ve done together on crypto and look forward to passing meaningful crypto legislation in 2024
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I had a great time joining @unchainedcom to discuss our nation's debt crisis, explain why every American deserves the freedom to self-custody crypto assets and provide an update on legislation in Washington. Watch the full interview below. youtube.com/watch?v=jUCj5O…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Crypto accounts for < 1% of all illicit finance activity and would be even less if we created a regulatory structure to allow the crypto industry to operate in America instead of unregulated foreign markets. Crypto is not the problem, bad actors that exist in every industry are. twitter.com/ForbesCrypto/s…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We have only scraped the surface of crypto assets’ potential. As the article below wisely explains, crypto mining has tremendous potential to help regulate the grid and boost domestic energy production. coindesk.com/policy/2023/10…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Meticulous reporting by @chainalysis found that crypto assets account for just $20 billion, less than 1% of the more than $2 trillion in global illicit finance activity every year.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @coinbase: Did you read the WSJ's false story on Hamas & crypto? Join @faryarshirzad, @SenLummis, @tomrobin, and @MicheleKorver on Spac…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Make no mistake, crypto assets are NOT the problem. Bad actors, who exist in every sector, are. The future for crypto assets in America is brighter than ever.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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An inaccurate report last week claimed Hamas raised nearly $100 million via crypto assets. In reality, it was less than $500,000. This encapsulated the misconception that crypto is a tool for illicit finance when it accounts for less than 1% of global illicit finance activity. pic.twitter.com/7brB3tmxoV
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Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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When it comes to illicit finance, crypto is not the enemy - bad actors are. I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in illicit activities. pic.twitter.com/M3KGNFkpWc
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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I joined the Bitcoin Layer to discuss how I became interested in crypto assets and the work I am doing in Congress to ensure Washington passes much-needed crypto asset legislation. Always a fun time with my friend @timevalueofbtc. twitter.com/TheBitcoinLaye…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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FTX's collapse was not about the value of crypto assets, just as Bernie Madoff’s fraud was not about the stock market. Rather, FTX showed the clear need to bring regulatory rules of the road to the crypto asset industry. cnbc.com/2023/10/02/ftx…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Our judicial system has rightfully upheld what I have been saying - @SECGov cannot legislate through enforcement. The path forward for establishing a federal regulatory framework for crypto assets must run through Congress. pic.twitter.com/aVBWF5EgDA
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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I’m encouraged to see @USTreasury finally issue its rules regarding tax reporting requirements for crypto brokers…however, I have serious concerns about the rule’s potential impact on decentralized crypto asset exchanges & its treatment of U.S. dollar-backed stablecoins. MORE⬇️ https://t.co/6x5VeNnaJz
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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Another sign that crypto assets are here to stay as part of the global financial system. Now, Congress needs to secure America's status as the unquestioned global leader in financial innovation by creating clear regulatory rules of the road. cnbc.com/2023/08/07/pay…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Two weeks after introduction, the first pieces of Lummis-Gillibrand have passed the Senate, weeding out bad actors in the crypto space and ensuring crypto assets are not used to evade sanctions or fund terrorism.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets. Lummis-Gillibrand is the comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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"The Responsible Financial Innovation Act—which Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) are reintroducing today—is the most comprehensive crypto bill ever to come before the U.S. Senate. It is also the most bipartisan." forbes.com/sites/digital-…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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What's new in the Lummis-Gillibrand Responsible Financial Innovation Act of 2023? Consumer protection is heavily prioritized and criminal activity is cracked down on while a strong regulatory foundation for the crypto asset industry in America is solidified for the long haul. pic.twitter.com/SGNvwME0CP
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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The crypto asset industry is here to stay. Today, @SenGillibrand and I are reintroducing landmark legislation to create a federal regulatory framework that allows crypto businesses and investors to prosper here in America while protecting consumers from bad actors. pic.twitter.com/z2pr0evWt2
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SquawkCNBC: "We need a regulatory framework that integrates crypto assets into our economy in a way that ensures consumer protection,"…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I am glad Chairman Powell recognizes what China and Europe have been working overtime to capitalize on -- crypto assets have real value and tremendous potential. America is at a critical crossroads, and we must create legal clarity for the crypto industry and consumers. twitter.com/DocumentingBTC…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Wyoming's first-of-its kind crypto asset rules of the road have protected consumers, fueled financial innovation and allowed businesses to blossom & create jobs. It’s no surprise Wyoming ranks #1 in the nation and #7 in the world on Coindesk’s Crypto Hubs 2023 list.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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More than 50 million Americans own a crypto asset. We need to establish clear rules of the road that protect consumers and encourage financial innovation but limit the regulatory overreach that the SEC is currently engaging in. cointelegraph.com/news/impossibl…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We successfully prevented @POTUS' 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over. I am working on a regulatory framework that will allow individuals and companies to own and trade digital assets in America. Stay tuned...
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @DigitalChamber: Going to #Bitcoin 2023? - Be sure to catch @PerianneDC moderating a discussion with @SenLummis & @PatrickMcHenry Friday…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Using revenue from fixing the wash sale rule as a bargaining chip in budget negotiations is wrong. The revenue should be used to fund a regulatory framework for digital assets so the industry can grow. Let’s talk more about the Lummis-Gillibrand digital asset framework! twitter.com/POTUS/status/1…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Thank you to @btcpolicyorg for inviting me to speak about the state of the digital asset industry. My conversations with industry leaders have highlighted how close the US is to losing our title as the home of financial innovation. I will not let it happen. pic.twitter.com/Fu4HzIGb3b
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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Fueling innovation and protecting consumers are at the heart of why it is critical to create a federal regulatory framework for digital assets. Wyoming has led the way and Congress needs to catch up. trib.com/opinion/column…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Industry leaders could not be more clear -- if Congress does not pass a digital asset regulatory framework soon, the industry will move overseas. America has always been a leader in innovation, let's not lose our hard-earned reputation. cointelegraph.com/news/us-crackd…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The same admin that is focused on banning gas stoves and replacing gas powered cars now pushing to curtail digital asset mining over concerns with energy usage. This makes no sense. This admin shouldn’t be picking winners and losers in what industries can use our energy grid. pic.twitter.com/DDjrKpO0iu
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @JulieNBCNews: EXCLUSIVE @NBCNews: In a letter sent to the SEC Thursday, House Fin Serv Chair @PatrickMcHenry & crypto proponent @SenLum…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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"In sum, the effect of SAB 121 is to deny millions of Americans access to safe and secure custodial arrangements for digital assets." ⬇️⬇️ My letter with @PatrickMcHenry here: https://t.co/kEQKJMg4tC
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @AmerBanker: NEW: The new Lummis-Gillibrand crypto bill won't touch Federal Reserve master accounts. More details, including timing of t…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenatorHagerty: Regulators singling out business activities should alarm all Americans. It doesn’t matter if it’s cryptoassets, firear…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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2022 lit the discussion around the regulation of digital assets on fire. While the Lummis-Gillibrand digital asset framework has not passed, we have a solid jumping-off point to pursue this legislation and further digital asset legislation next year.
Very pro-crypto
Very pro-crypto
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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-Clear property rights (not your keys, not your coins!) ✅ -Strong protection & separation of customer assets on an exchange ✅ -Tight limits on digital asset leverage & lending ✅
Very pro-crypto
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Cynthia Lummis

@SenLummis

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People in Wyoming place a high value of trust in their institutions. They bank where their grandfathers did. If the digital asset industry wants to have staying power, they need to build trust. My bill with @gillibrandny will build a framework to start building that trust.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It's clearer now than ever before that we need comprehensive regulation in the digital asset space. @gillibrandny and I stand ready with the solution. It's time for Congress to pass the Responsible Financial Innovation Act to safeguard Americans' hard-earned money.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It is crucial that Congress leads on regulating digital assets. I am working hard with @gillibrandny to pass the Responsible Financial Innovation Act, which will protect consumers and solidify the US as the global financial leader for generations to come. home.treasury.gov/news/press-rel…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It was an honor to welcome Professor Steve Lupien from the UW's Center for Blockchain and Digital Innovation to testify before the Commerce Committee. WY is blazing trails in the digital asset space, and UW is equipping students with the skills needed to compete in this industry.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I'm proud to accept the Digital Future Award from @crypto_council! This industry developed rapidly and Congress needs to catch up. That's why @gillibrandny and I introduced the Responsible Financial Innovation Act to protect consumers and empower innovators to set the US apart. pic.twitter.com/mWNmYlWNyD
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @BMcGleenon: The Crypto Mile joined by US Senator @SenLummis (designer with @SenGillibrand of #thecryptobill) talk digital asset as comm…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Lummis-Gillibrand Digital Asset Framework will provide Congress with an appropriate next step as we move from theoretical to actual digital asset legislation. This will help cement American financial leadership for years to come. cointelegraph.com/news/sen-lummi…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @FinancialCaucus: Great gathering at our staff briefing this week. Thank you to @FinanceHammer for speaking with us about crypto winter…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I enjoyed joining @SenGillibrand and @CongressmanGT for a great discussion on digital assets with @Chainalysis. Digital assets are the future, and we must integrate them into our existing financial system. pic.twitter.com/VSxrz4pw7O
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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I joined @TheEconomist to discuss the Lummis-Gillibrand digital asset framework and the future of digital asset regulation. Listen here ⬇️ https://t.co/hCrENlfovx
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Honored to join the @Bloomberg Crypto Summit alongside @SenGillibrand. If you missed it, catch a recap here ⬇️ https://t.co/YA02t6SxDe
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @BloombergLive: NOW: #BloombergCrypto is live from New York! Don’t miss conversations with @SenGillibrand, @SenLummis, @novogratz, Forme…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @KatieCanales1: A new crypto bill would help classify crypto as commodities or securities. Its co-writer is Sen. Cynthia Lummis, who ha…
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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.@PatrickMcHenry and I led a letter to @EPAMichaelRegan urging him to fully study the potential environmental benefits of digital asset mining. Read the letter ⬇️ https://t.co/p1mp1JuSFu
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Digital asset miners are no stranger to using innovative sources of energy. @JAI_Energy in WY is a prime example of a company working with oil & gas producers to make a positive impact through bitcoin mining. The EPA must study all environmental impacts before regulating.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Do you have a passion for digital assets & strong coalition building skills? I'm looking for a Senior Policy Advisor/Coalition Builder to join my DC office and help us continue our work on digital asset policy. If you fit the bill, send your resume to jobs@lummis.senate.gov.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Wyoming banks are at a standstill as they wait on an opaque process inside the Federal Reserve. This is unacceptable and it’s time for the Fed to give us some answers about why we’re not regulating digital assets. pic.twitter.com/WSGz6dt3s8
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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The digital asset industry was built by individuals and will continue to be sustained by individuals. That's why @SenGillibrand and I want input from the grassroots. If you have constructive thoughts on our legislation, make your voice heard on GitHub at github.com/responsible-fi…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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When it comes to regulation, it’s the wild west for the digital asset industry. It's difficult to hold institutions to account when there are no clear guidelines for the regulation of digital assets. The Lummis-Gillibrand Framework provides clarity to stakeholders & regulators.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Last August, the Senate faced its first challenge in regulating digital assets during the infrastructure bill debate. We didn’t provide the clarity industry needed then, but Lummis-Gillibrand fixes the broker definition and brings our financial system into the 21st century.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Digital asset miners in WY are hooking their computers up to natural gas flares. This provides the power they need to mine their digital assets, and also keeps greenhouse gases out of the atmosphere. Lummis-Gillibrand recognizes that innovation and encourages more.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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More than 34 million Americans report owning some form of digital assets. We’re regulating this 21st century technology with 20th century regulations. It’s time for an upgrade, and the Lummis-Gillibrand plan accomplishes that.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @VICENews: Wyoming' @SenLummis, a longtime champion of Bitcoin, tells @ElizLanders it's "here to stay." She's also pushing for regulator…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @VICENews: The cryptocurrency market is worth billions of dollars, but has very few rules. Lawmakers and the Biden administration are fi…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Any emerging industry comes with risks. The Lummis-Gillibrand plan sets up clear consumer protections while promoting innovation in the digital asset industry. This includes disclosures, regulatory sandboxes, and clear guidelines for regulators. lummis.senate.gov/press-releases…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I’m about to join @SenGillibrand and @PostLive to discuss our digital asset framework. You can watch it live here ⬇️ https://t.co/J8Dhmw7ew4
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @DigAssetMarkets: The Association for Digital Asset Markets (“ADAM”) applauds Senator @senlummis and @sengillibrand for their bipartisan…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @allyversprille: A sweeping bill from a bipartisan Senate duo would address some of the hottest issues facing the crypto industry includ…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @crypto_council: 1/#crypto policy making the news today The Crypto Council for Innovation commends the bipartisan leadership from @Sen…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SquawkCNBC: Should #Bitcoin be able to be used in your retirement fund? @andrewrsorkin asks @SenLummis and @SenGillibrand: https://t.co…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @FreedomWorks: Flashback to February: In the Senate, @SenLummis is one of the most vocal advocates of #Cryptocurrency! #ampFW https://t.…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @MeetThePress: Senators introduce bipartisan comprehensive bill to regulate cryptocurrencies GOP Sen. Cynthia Lummis and Democratic Sen…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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As a former state treasurer, I am excited by the possibilities of incorporating digital assets into the American financial system. The legislation that @SenGillibrand and I are proposing will do just that.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We’ve been teasing it for months, but the time is almost here – a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week. Stay tuned 👀 👀 👀
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Digital assets are changing the game, and Congress needs to keep up if we’re going to continue to be the global financial leader. If you missed the panel I did at @Heritage with @CaitlinLong_ and @Saylor, you can catch it here: heritage.org/markets-and-fi…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I enjoyed my time with the folks at @AEI last week. Digital assets are here to stay and it’s high time that Congress catches up. Hear more about the framework @SenGillibrand and I are developing in this discussion. twitter.com/AEIecon/status…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I am working diligently with @sengillibrand to finalize bill text of our comprehensive digital asset legislation. Any language circulating online is an incredibly outdated version from March 1. Stay tuned for our release of the actual bill on June 7th!
Very pro-crypto
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Cynthia Lummis

@SenLummis

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My state policy director, @Tyler_Lindholm will be at the Sublette County Chamber of Commerce to talk about digital assets and how Wyoming is leading in this emerging industry. If you can’t attend in person, you can participate via zoom. Find out more here: sublettechamber.com
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @DigitalChamber: We're happy to announce a fireside chat with Sen. @CynthiaMLummis and @SenGillibrand, moderated by @ricedelman - Crypto…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Thank you to The @Heritage Foundation for inviting me to join their panel on “Bitcoin and the American Experiment.” So great to join @CaitlinLong_ and @saylor to discuss the future of Bitcoin in our American financial system. pic.twitter.com/krkDerfECs
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Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @AEIecon: This afternoon @AEI-- Paul Kupiec welcomes @SenLummis for a discussion about the regulation and future of crypto assets. Regis…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Can’t wait to join the folks at @AEI to talk about the future of digital asset regulation and my upcoming legislation to bring digital assets into the American financial system. RSVP here: aei.org/events/regulat…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @DigitalChamber: We’re announcing Sen. Cynthia Lummis as a #DCBlockchain Summit speaker! @CynthiaMLummis has been a champion of bitcoin…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Janet Yellen is facing the facts: digital assets are here to stay. For the US to remain the global financial leader, we must innovate. I’ll continue to monitor the Biden admin’s actions in the space, while working with @SenGillibrand & others to create smart laws to govern it.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @krakenfx: 🔥 Live at #Bitcoin2022🔥 Kraken’s Chief Legal Officer @msantoriESQ hosts a fireside chat on the Nakamoto Stage with U.S Senat…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Digital assets are here to stay. This technology creates opportunities for nearly every sector in our economy. It reduces clearing time for transactions, it opens up opportunities for the unbanked, and creates new potential for businesses and jobs around the country.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It was great to have the opportunity to talk through the future of digital assets with @SenGillibrand last week. If you missed it, check out the @PoliticoLive recap at politi.co/36XywHD
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @POLITICOLive: @SenLummis says the CFTC will play a “huge role” role in regulating digital currencies in the crypto bipartisan legislati…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Right now in Wyoming, Bitcoin companies are using flared methane from natural gas operations to power their computers. They are keeping methane out of the atmosphere while actively mining Bitcoin. #POLITICOTech
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It’s been a long time coming, but my bill to fully integrate digital assets into our financial system is almost ready! I’m putting the final touches on it with some key advocates and partners in the Senate, but watch out for an unveiling soon! pic.twitter.com/gpHh2JVgKd
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Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Chair Powell is right. We need a framework for this industry, and I’m working on one now. The major digital asset exchanges in the US are complying with sanctions against individuals in Russia. It makes no sense to punish or single them out before they’ve done anything wrong. twitter.com/kr00ney/status…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @kevinolearytv: Thank you ⁦@SenLummis⁩ for hosting my bi-partisan meeting with #senators on #TheHill to discuss #crypto policy. The goo…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Good to see that the Dept of Justice is taking digital asset crime seriously, but the Biden admin needs to recognize and support all of the good entrepreneurs and innovators operating in this space. The US should lead on every aspect of digital assets, not just law enforcement. twitter.com/YahooFinance/s…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @OrrinHatch: From discussing the possibility of Bitcoin on the Fed’s balance sheet to green crypto mining, today’s discussion was one fo…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Big things are coming to Wyoming. The WY legislature and @GovernorGordon's office have laid the groundwork to make Wyoming a destination for digital asset companies of all kinds. Excited for what’s to come. youtube.com/watch?v=UIDoZS…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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3/ It doesn’t say it explicitly, but this is a direct attack on the digital asset industry. The Treasury Department already has broad authority in this area, but it has a strict time limit and a public notice requirement.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I’m genuinely undecided whether there is a legitimate need for a CBDC when we have stablecoins, and I look forward to working with Chair Powell and Governor Brainard to figure this out.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I’m encouraged that the Fed recognizes what I’ve said all along, that “protecting consumer privacy is critical” in a CBDC. Here’s what I said about CBDCs and stablecoins on the Senate floor in September. congress.gov/congressional-…
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Unfortunately I was not able to join today’s @BankingGOP hearing because of illness but I’m a firm believer that stablecoins are important to America’s financial future. I look forward to working with my colleague @SenToomey to put in place a common sense regulatory framework.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @CoinDesk: Crypto has become a key issue for the U.S. Congress over the past 12 months. One Senator has led the conversation. @S…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I had a great time talking to Tony last week on the @ThinkingCrypto1 podcast. He had great questions about what to expect from Congress for the future of digital assets, and I may have given him some insight into the digital asset bill I’m currently working on. Check it out! twitter.com/ThinkingCrypto…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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It’s great to see federal banking agencies plan for real movement in the digital asset space. Digital assets are here to stay and I’ll be watching to make sure regulators provide innovators with clear guidelines to continue to innovate and also protect consumers from bad actors.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Digital assets are here to stay, and responsible regulation that protects consumers from bad actors is important. However, we also have to make sure we aren’t stifling innovation.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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My thoughts on the President’s Working Group Report on Stablecoins ➡️➡️➡️ https://t.co/zSxM7w8Diq
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Wyoming is the leader in digital asset legislation, and the University of Wyoming is working to equip students to join one of the fastest growing industries in the American economy. I’m excited to see what this program has to offer. wyomingnews.com/wyomingbusines…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @CNBC: Wyoming leaning into crypto in a push to attract miners and other crypto-related businesses. @Kr00ney reports. https://t.co/ljj8j…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Agree with @GaryGensler that we need regulatory certainty for digital asset traders and lenders—but the devil is in the details. Congress WILL weigh in and both @SECNews and @CFTC have important roles to play.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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New laws cannot put the thumb on the scales for a specific digital asset or against the industry as a whole, and MUST enable responsible innovation. Will work with my colleagues to create a balanced framework that gets this right.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We will continue to look for ways to fix the digital asset language in this bill. It might not be today, but we won’t give up.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We’ve been working all weekend to come up with a compromise to address the digital asset broker issue in the Bipartisan Infrastructure Framework. While it’s not perfect, it protects innovation and doesn’t choose winners and losers.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Our effort to get a vote on a digital asset fix failed because other senators refused to set aside their disagreements to support something they could actually agree on. Thanks @SenToomey for explaining this at the end of our effort on the floor. c-span.org/video/?c497294…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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This has been an interesting day. Here’s what is happening: First, we’ve been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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We should ensure that people aren’t trying to avoid taxes by sheltering their money in digital assets, but we can do that without stifling innovation and choosing winners and losers.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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The Senate has the opportunity to set the stage for successful implementation of digital assets into our financial system, but we have to get it right here, and we have the perfect opportunity. Let’s get ‘er done.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Our position as the global financial leader is a privilege, not a right. Other countries have a head start on us in the development of digital assets. If we get this wrong, we handicap ourselves and put our future prosperity at risk.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @cameron: 12/ The Wyden-Lummis-Toomey Amendment is win-win for lawmakers and our industry. It will provide tax revenue from crypto and e…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @tedcruz: Right now, supporters of crypto & blockchain are LOSING this fight that will define crypto’s future. That’s why I’m proud to…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: The Warner-Portman plan exempts bitcoin miners, but not other transaction validators or software developers who create these…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @michellebond111: Digital assets are the future of finance. Thwarting the U.S. market only weakens our global financial position and all…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: .@USTreasury wants maximum flexibility to regulate and tax crypto as they see fit. Congress should not allow that to happen.…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: While I appreciate that my colleagues and the White House have acknowledged their original crypto tax had flaws, the Warner-…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: Now isn’t the time for the IRS to pick winners and losers with a new technology. Crypto has the potential to be the future…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Strong statements on the Senate floor just now from @SenToomey and @RonWyden on our crypto amendment. This amendment will help bring digital assets more fully into our financial system.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @SenToomey: While Congress works to better understand and legislate on issues surrounding the development and transaction of cryptocurre…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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Financial innovation is bipartisan. We need input from Republicans & Democrats to ensure that we effectively integrate digital assets into our tax code without harming the technology. I look forward to continuing this work as we bring our financial industry into the 21st century.
Very pro-crypto
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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More to come but we're proud of the work we've been able to do with @RonWyden to responsibly address digital assets in the BIF. Stay tuned for more on our amendment.
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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WY has been a leader in digital asset legislation. It's time we bring those ideas to Congress. Check out my interview with @ylanmui where we discuss the future of digital assets and the government's role in their development. cnbc.com/video/2021/06/…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @cnbcevents: "People are concerned that Washington could mess this up," says @SenLummis on crypto regulation, ruling out any possibility…
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I joined Fox News Wyoming’s Will Silverstein to discuss Wyoming’s digital asset opportunities and the negative impacts of President Biden’s ban on new oil & gas leases on federal lands in Wyoming. pic.twitter.com/NcXxvDsUeN
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Very pro-crypto
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Cynthia Lummis

@SenLummis

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A digital asset is like anything else you might own (house, car, or share of stock), but is a computer code-based representation of that asset. Basically, you own a computer code. Many digital assets hold value because of a “blockchain,” which we’ll focus on next.
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I want to take a deeper dive into some of the buzzwords I've been using as I talk about financial innovation. Today we'll talk about digital assets. (1/2)
Very pro-crypto
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Cynthia Lummis

@SenLummis

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I’m about to join @Varneyco to talk digital assets, the #Bidenban on energy leasing, and the final frontier. Tune in!
Very pro-crypto
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Cynthia Lummis

@SenLummis

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“Lummis forcefully made the case that bitcoin not only provides a legitimate alternative store of value and medium of exchange but would act as a check on the devaluation of the U.S. dollar and other currencies through the runaway creation of fiat money.” twitter.com/reason/status/…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @FinancialCaucus: .@SenLummis and @WarrenDavidson spoke at last week’s Bitcoin 2021 conference. #Bitcoin is about ensuring sound money,…
Very pro-crypto
Very pro-crypto
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Cynthia Lummis

@SenLummis

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RT @TheRealTahinis: We got to tell Senator @CynthiaMLummis how #Bitcoin affected our business and changed our lives to the better. #Bitcoin