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Senator Cynthia Lummis is vowing to block a SEC bulletin from becoming binding, citing it as another example of how the agency is 'overreaching' in its regulation of crypto assets.
Introduced by Sens. Lummis (R-WY) and Gillibrand (D-NY), the bill aims to create clarity for regulators and the crypto industry to safeguard investors and consumers.
Senators Kirsten Gillibrand and Cynthia Lummis introduced their long-awaited crypto legislation that favors the CFTC as a watchdog and wipes away tax worries for purchases of less than $200.
Introduced in the House of Representatives as H.R. 4763 by Glenn Thompson (R-PA) on July 20, 2023 Passed the House on 22 May 2024 (279-136, with bipartisan support) The Financial Innovation and Technology for the 21st Century Act (FIT21) is a bill in the U.S. Congress to explicitly address the treatment of digital assets under U.S. law.
Digital asset regulation has become a partisan issue, especially as a government shutdown looms.
Cynthia Marie Lummis Wiederspahn (/ ˈ l ʌ m ɪ s / LUH-miss; [1] born September 10, 1954) is an American attorney and politician serving as the junior United States senator from Wyoming since 2021. A member of the Republican Party, Lummis served as the U.S. representative for Wyoming's at-large congressional district from 2009 to 2017.
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Gensler was born into a Jewish family [6] in Baltimore, Maryland, one of five children of Jane (née Tilles) and Sam Gensler. [7] Sam Gensler was a cigarette and pinball machine vendor to local bars, [8] and he provided Gensler with his first exposure to the real-world side of finance when Sam would take Gensler to the bars of Baltimore to count nickels from the vending machines.
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related to: lummis gillibrand crypto bill 2023 schedule