Lummis | Crypto

The week in crypto regulation has featured a U.S. push to jail Samourai Wallet founders, Zohran Mamdani’s NYC victory with tougher oversight, renewed calls for a U.S. Bitcoin reserve, and Coinbase fined in Ireland while urging limits on U.S. rulemaking, as policy and markets have intersected across regions. The post Weekly Crypto Regulation Roundup: From Samourai’s Courtroom Reckoning to Mamdani’s Win and Lummis’ Bitcoin Push appeared first on Cryptonews.

Wyoming Senator Cynthia Lummis was one of the few voices in Congress tying Michelle Bowman’s confirmation to a win for cryptocurrency policies. The US Senate has confirmed Michelle “Miki” Bowman as President Donald Trump’s pick to be vice chair for supervision for the Federal Reserve, signaling a potential change in the central bank’s regulatory approach after the departure of Michael Barr. In a 48-46 vote on June 4, senators confirmed Bowman to be the vice chair for supervision, allowing her to introduce policy recommendations and oversee the supervision and regulation of companies under the Fed’s authority. Wyoming Senator Cynthia Lummis, often an advocate for cryptocurrencies in Congress, lauded the confirmation as a “turning point for digital assets.”  “Miki’s commitment to evidence-based regulation over political considerations will strengthen America’s financial system,” said Lummis. Read more

Sen. Cynthia Lummis has urged passage of the BITCOIN Act, arguing that a U.S. Bitcoin reserve would help manage the $36 trillion debt and solidify the nation’s standing in digital finance. The proposal, backed by Rep. Nick Begich and welcomed by Donald Trump, frames Bitcoin as a strategic asset. The post BITCOIN Act Touted by Sen. Lummis to Slash $36T U.S. Debt appeared first on Cryptonews.