Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a Wyoming lawmaker’s recent Fox Business interview, Bitcoin can help people protect their savings from rising prices. Senator Cynthia Lummis pointed out that the digital token does not depend on any central bank or government. This view comes at a […]
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Bitcoin Magazine Senator Lummis’ New Bill Enables Tax-Exempt Bitcoin Spending — But Thresholds Are Too Low Today, Senator Lummis unveiled a bill that would enable U.S. citizens to spend up to $300 worth of bitcoin on goods and services, with a yearly cap of $5,000, without having to pay capital gains taxes on the transactions.
Senator Tim Scott (R-SC) says U.S. lawmakers are looking to have crypto market structure legislation completed by September of this year. Tim Scott Sets September 30 Crypto Market Structure Deadline Appearing in a fireside chat on Capitol Hill alongside fellow Senator Cynthia Lummis (R-WY) and the head of the President’s Council of Advisers on Digital
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the upper chamber of the US Congress prepares its version of a market structure framework, Republican Senator Cynthia Lummis recently told CNBC that she hopes the Senate and House of Representatives can soon find a path to pass both crypto bills
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Senator Cynthia Lummis (R-WY) encouraged her fellow U.S. lawmakers to advance both the GENIUS Act and broader crypto market structure overall in a Wednesday appearance on CNBC’s Squawk Box. Lawmakers Must Find Path Forward For Crypto, Cynthia Lummis Says Speaking with Squawk Box co-anchor Joe Kernen on June 25, Lummis expressed her hopes that both
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure At the Bitcoin 2025 conference in Las Vegas on Tuesday, Senator Cynthia Lummis, a staunch advocate for BTC and cryptocurrencies, announced that President Donald Trump supports the upcoming Bitcoin Act, which aims to facilitate the purchase of 1 million BTC and is
Ripple CEO Brad Garlinghouse has expressed frustration after a meeting with pro-crypto US Senator Cynthia Lummis, who chairs the Senate’s Digital Assets Subcommittee, was canceled. In a May 19 post on X, Garlinghouse revealed he was in Washington, D.C., for discussions with lawmakers to promote reasonable regulations for stablecoins and crypto market structure. However, Garlinghouse
Key Takeaways: Stablecoin regulation remains fractured following Senate rejection. Treasury Secretary warns that U.S. crypto dominance is at risk without the GENIUS Act. Democrats sank the bill over AML and national security concerns. A controversial 48-49 Senate vote on Thursday to reject the GENIUS Act has sparked an immediate backlash from U.S. Treasury Secretary Scott
Bitcoin is the only solution to the United States’ $36 trillion debt, Senator Cynthia Lummis (R-WY) said while promoting the BITCOIN Act in an X post on Friday. Senator Cynthia Lummis Promotes The BITCOIN Act “I’m particularly pleased with President Trump’s support of my Strategic Bitcoin Reserve initiative, which will address our national debt while
BITCOIN Act Touted by Sen. Lummis to Slash $36T U.S. Debt Read More »
