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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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.
· via Twitter
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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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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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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
3/ It doesn’t say it explicitly, but this is a direct attack on the digital asset industry. The Treasury Department already has broad authority in this area, but it has a strict time limit and a public notice requirement.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
Unfortunately I was not able to join today’s @BankingGOP hearing because of illness but I’m a firm believer that stablecoins are important to America’s financial future. I look forward to working with my colleague @SenToomey to put in place a common sense regulatory framework.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
It’s great to see federal banking agencies plan for real movement in the digital asset space. Digital assets are here to stay and I’ll be watching to make sure regulators provide innovators with clear guidelines to continue to innovate and also protect consumers from bad actors.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
New laws cannot put the thumb on the scales for a specific digital asset or against the industry as a whole, and MUST enable responsible innovation. Will work with my colleagues to create a balanced framework that gets this right.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
We’ve been working all weekend to come up with a compromise to address the digital asset broker issue in the Bipartisan Infrastructure Framework. While it’s not perfect, it protects innovation and doesn’t choose winners and losers.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
This has been an interesting day. Here’s what is happening: First, we’ve been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome.
· via Twitter
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Very Pro-Crypto

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Cynthia Lummis
@SenLummis
The Senate has the opportunity to set the stage for successful implementation of digital assets into our financial system, but we have to get it right here, and we have the perfect opportunity. Let’s get ‘er done.
· via Twitter
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