Does Cynthia Lummis Support Crypto?

Based on previous comments, Cynthia Lummis has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Cynthia Lummis has made about Bitcoin, Ethereum, and cryptocurrency innovation.

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Cynthia Lummis
@SenLummis
About every 4 years, the programmed amount of Bitcoin created every 10 minutes is cut in half, aka the “Halving.” This ensures the supply is always increasing relative to the amount being created. Supply & demand is the basis of economics and Bitcoin is no different.
· via Twitter
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Cynthia Lummis
@SenLummis
The Bitcoin network has a programmed schedule to create new Bitcoin approximately every 10 minutes for “miners” protecting the network with powerful computers. This mining process uses energy to create new bitcoins, just like gold miners use energy to extract more gold.
· via Twitter
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Cynthia Lummis
@SenLummis
Happy Halving! The 'Halving' is one of Bitcoin’s ingenious features that creates scarcity and value, in the same way that scarcity in gold creates value. So, what exactly is the Halving? And, why is today’s extra special?
· via Twitter
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Cynthia Lummis
@SenLummis
Crypto assets are going to continue to change the world, and the U.S. is at a crossroads - embrace innovation and lead the world forward or get left behind. Let's pass comprehensive stablecoin legislation to take the first step in ensuring our nation is a leader.
· via Twitter
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Cynthia Lummis
@SenLummis
In light of the FTX collapse, the Lummis-Gillibrand Payment Stablecoin Act establishes proper custody and third-party risk management practices to maximize consumer protection while allowing the emerging industry to continue to grow.
· via Twitter
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Cynthia Lummis
@SenLummis
The Lummis-Gillibrand Payment Stablecoin Act solves key policy challenges that have lingered around previous proposals & provides prudential regulation & added consumer protections to stablecoin issuers. But above all, it allows innovation to prosper.
· via Twitter
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Cynthia Lummis
@SenLummis
The White House 2025 budget is incredibly bullish on crypto assets, some might even say they believe it’s going to the moon.🚀 But a proposed 30% punitive tax on digital asset mining would destroy any foothold the industry has in America.
· via Twitter
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Cynthia Lummis
@SenLummis
The Department of Energy officially withdrew its crypto mining usage survey today, a win for crypto mining and the entire crypto asset community. I will continue to fight back against this blatant government overreach to ensure crypto is not unfairly targeted by the Biden admin.
· via Twitter
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Cynthia Lummis
@SenLummis
.@PatrickMcHenry has honorably served the people of North Carolina’s 10th district and has been a champion of financial innovation as the chair of @financialcmte. I appreciate the work we’ve done together on crypto and look forward to passing meaningful crypto legislation in 2024
· via Twitter
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Cynthia Lummis
@SenLummis
I’m encouraged to see @USTreasury finally issue its rules regarding tax reporting requirements for crypto brokers…however, I have serious concerns about the rule’s potential impact on decentralized crypto asset exchanges & its treatment of U.S. dollar-backed stablecoins. MORE⬇️ https://t.co/6x5VeNnaJz
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· via Twitter
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Cynthia Lummis
@SenLummis
The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets. Lummis-Gillibrand is the comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.
· via Twitter
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Cynthia Lummis
@SenLummis
Wyoming's first-of-its kind crypto asset rules of the road have protected consumers, fueled financial innovation and allowed businesses to blossom & create jobs. It’s no surprise Wyoming ranks #1 in the nation and #7 in the world on Coindesk’s Crypto Hubs 2023 list.
· via Twitter
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Cynthia Lummis
@SenLummis
We successfully prevented @POTUS' 30% digital asset mining tax from being included in the debt ceiling deal but the fight is far from over. I am working on a regulatory framework that will allow individuals and companies to own and trade digital assets in America. Stay tuned...
· via Twitter
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Cynthia Lummis
@SenLummis
2022 lit the discussion around the regulation of digital assets on fire. While the Lummis-Gillibrand digital asset framework has not passed, we have a solid jumping-off point to pursue this legislation and further digital asset legislation next year.
· via Twitter
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Cynthia Lummis
@SenLummis
People in Wyoming place a high value of trust in their institutions. They bank where their grandfathers did. If the digital asset industry wants to have staying power, they need to build trust. My bill with @gillibrandny will build a framework to start building that trust.
· via Twitter
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Cynthia Lummis
@SenLummis
It's clearer now than ever before that we need comprehensive regulation in the digital asset space. @gillibrandny and I stand ready with the solution. It's time for Congress to pass the Responsible Financial Innovation Act to safeguard Americans' hard-earned money.
· via Twitter
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Cynthia Lummis
@SenLummis
It was an honor to welcome Professor Steve Lupien from the UW's Center for Blockchain and Digital Innovation to testify before the Commerce Committee. WY is blazing trails in the digital asset space, and UW is equipping students with the skills needed to compete in this industry.
· via Twitter
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Cynthia Lummis
@SenLummis
Digital asset miners are no stranger to using innovative sources of energy. @JAI_Energy in WY is a prime example of a company working with oil & gas producers to make a positive impact through bitcoin mining. The EPA must study all environmental impacts before regulating.
· via Twitter
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Cynthia Lummis
@SenLummis
Do you have a passion for digital assets & strong coalition building skills? I'm looking for a Senior Policy Advisor/Coalition Builder to join my DC office and help us continue our work on digital asset policy. If you fit the bill, send your resume to jobs@lummis.senate.gov.
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Cynthia Lummis
@SenLummis
When it comes to regulation, it’s the wild west for the digital asset industry. It's difficult to hold institutions to account when there are no clear guidelines for the regulation of digital assets. The Lummis-Gillibrand Framework provides clarity to stakeholders & regulators.
· via Twitter
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Cynthia Lummis
@SenLummis
Last August, the Senate faced its first challenge in regulating digital assets during the infrastructure bill debate. We didn’t provide the clarity industry needed then, but Lummis-Gillibrand fixes the broker definition and brings our financial system into the 21st century.
· via Twitter
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Cynthia Lummis
@SenLummis
Digital asset miners in WY are hooking their computers up to natural gas flares. This provides the power they need to mine their digital assets, and also keeps greenhouse gases out of the atmosphere. Lummis-Gillibrand recognizes that innovation and encourages more.
· via Twitter
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Cynthia Lummis
@SenLummis
More than 34 million Americans report owning some form of digital assets. We’re regulating this 21st century technology with 20th century regulations. It’s time for an upgrade, and the Lummis-Gillibrand plan accomplishes that.
· via Twitter
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Cynthia Lummis
@SenLummis
I am working diligently with @sengillibrand to finalize bill text of our comprehensive digital asset legislation. Any language circulating online is an incredibly outdated version from March 1. Stay tuned for our release of the actual bill on June 7th!
· via Twitter
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Cynthia Lummis
@SenLummis
Janet Yellen is facing the facts: digital assets are here to stay. For the US to remain the global financial leader, we must innovate. I’ll continue to monitor the Biden admin’s actions in the space, while working with @SenGillibrand & others to create smart laws to govern it.
· via Twitter
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Cynthia Lummis
@SenLummis
Digital assets are here to stay. This technology creates opportunities for nearly every sector in our economy. It reduces clearing time for transactions, it opens up opportunities for the unbanked, and creates new potential for businesses and jobs around the country.
· via Twitter
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