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According to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous version of 2024 was shelved in committee. The new version, like the previous version, proposes to buy 1 million bitcoins over five years, but there are several key differences. The 2025 version of the Bitcoin Act sets a stricter plan to buy 200,000 bitcoins per year (as opposed to the 2024 version).
On March 7th, according to Axios, on the morning of the White House's first digital assets summit day, Senator Elizabeth Warren sent a critical letter to the government's head of cryptocurrency and artificial intelligence, David Sacks, known as the crypto czar. Senator Warren believes that the deeper the federal government supports the blockchain industry, the more it will drive up the value of existing holders, which creates conflict of interest issues for officials who make these policies. The...
US crypto-friendly Senator Cynthia Lummis, retweeting the news that "the White House will support the CRA to repeal the DeFi broker rule," said, "The Internal Revenue Service (IRS) rules for DeFi fundamentally misunderstand how decentralized technology works. Wyoming has been at the forefront of responsible regulation of digital assets, and I have seen firsthand how regulatory clarity - not over-regulation - can foster innovation. These tough federal rules could push US crypto entrepreneurs over...
U.S. Senator Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, said in an X post that the Securities Exchange Commission's agreement to drop its lawsuit against cryptocurrency exchange Kraken was "a huge victory for the digital asset industry. We are closing the door on punitive regulation and welcoming the return of American innovation. This is very significant."
A bill introduced by U.S. Senator Ted Cruz to overturn new IRS rules on DeFi brokers will be voted on in the Senate tomorrow.
Senator Cynthia Lummis said today that "we will most likely see state-level strategic reserves of bitcoin before we see the federal strategic reserve. Right now, we don't have enough people in the House and Senate to do that."
Cynthia Lummis, chair of the US Senate Banking Subcommittee on Digital Assets, wrote on the X platform: I spend dollars and save bitcoin.
U.S. Senator Rand Paul has called for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also asked him and his staff to personally inspect Fort Knox and other vaults.
US senators from both parties sent a letter to acting SEC Chairperson Mark Uyeda urging a reassessment of the issue of crypto ETF staking as important to blockchain security and investor interests. The letter was led by Republican Senator Cynthia Lummis and supported by Democratic Senators Kirsten Gillibrand and Ron Wyden.
Two Democratic U.S. senators have asked Department of Government Effectiveness (DOGE) staffers linked to Musk to leave the Consumer Financial Protection Bureau (CFPB), saying their presence undermines the agency charged with overseeing the billionaire's yet-to-be-founded payments business. Senators Elizabeth Warren and Adam Schiff said Musk "is not only suppressing the consumer protection agencies that regulate X's digital wallet, he may also have access to confidential company data that could p...
US Senator Cynthia Lummis has called for upgrading US reserves with Bitcoin, saying "Bitcoin reserves can be audited 24/7 at any time with a basic computer."
US Senator Elizabeth Warren has called Musk a "bank robber," accusing him and the Trump administration of dismantling the Consumer Financial Protection Bureau (CFPB) to gain financial control.
US Senator Chris Rose of West Virginia has submitted a bill to allow the state treasury to invest up to 10% of its funds in bitcoin or precious metals to hedge against inflation risk. The bill stipulates that the state treasury can invest in digital assets with a market value of more than $750 billion, and currently only bitcoin meets the standard. Assets can be held on-chain or invested through ETFs.
According to Cointelegraph, Michigan Rep. Bryan Posthumus and Ron Robinson introduced HB4087 on February 13, proposing to amend the state's Management and Budget Act to establish a strategic bitcoin reserve. The bill allows state treasuries to invest in cryptocurrencies from general funds and economic stability funds up to a maximum of 10 percent, and can hold crypto assets through secure custody solutions or ETF products from registered investment companies. The bill also allows state governmen...
Texas Senator Charles Schwertner resubmitted the state's strategy#The Bitcoin Reserve Act allows them to invest in Bitcoin or cryptocurrencies with a market cap of at least $500 billion, with no purchase cap. Texas Lieutenant Governor Dan Patrick previously announced that the state's Strategic Bitcoin Reserve Act will be one of the top 40 priority bills in the Senate in 2025.
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