One of the Senate’s biggest cryptocurrency champions has come to embattled exchange Coinbase’s defense. Sen. Cynthia Lummis, R-Wyo., on Friday (Aug. 11) submitted an amicus brief on behalf of the company calling for the dismissal of a Securities and Exchange Commission (SEC) lawsuit against Coinbase. The brief...
U.S. regulation of digital assets isn’t merely the elephant in crypto’s living room. It’s the wildebeest trampling across the domestic crypto industry’s landscape. The U.S. Securities and Exchange Commission’s (SEC) decisive enforcement actions against two of the world’s largest crypto exchanges, Binance and Coinbase, have...
With crypto markets in turmoil, regulating the volatile industry has become a priority for lawmakers. This pivot comes as the collapse of cryptocurrency exchange FTX has sent tremors through the emergent industry. While Sam Bankman-Fried (SBF) has since been arrested, the knock-on effects of his...
U.S. Sen. Cynthia Lummis said the fall of FTX should speed consideration of a bill on regulating cryptocurrencies. Lummis introduced the bill to the legislature with Sen. Kirsten Gillibrand in June. “I hope [FTX’s collapse] highlighted with members of Congress who have not taken the...
July 22, 2024
The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. The Financial Technology Protection Act of 2023 (H.R. 2969), sponsored by Rep. Zach Nunn, R-Iowa, establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing under the Department […]
August 13, 2023
One of the Senate’s biggest cryptocurrency champions has come to embattled exchange Coinbase’s defense. Sen. Cynthia Lummis, R-Wyo., on Friday (Aug. 11) submitted an amicus brief on behalf of the company calling...
November 28, 2022
U.S. Sen. Cynthia Lummis said the fall of FTX should speed consideration of a bill on regulating cryptocurrencies. Lummis introduced the bill to the legislature with Sen. Kirsten Gillibrand in...
November 16, 2022
Sens. Kirsten Gillibrand, Patrick Toomey and Cynthia Lummis are reportedly working on legislation that would establish regulations for stablecoins and hope to get it in front of Congress before a new...
