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 crypto.
The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.
This bill proposes the creation of a voluntary "Mined in America Certification Program" under the Secretary of Commerce. Its aim is to encourage the replacement of cryptocurrency mining hardware sourced from foreign adversaries with compute infrastructure manufactured within the United States or allied nations. The legislation mandates the use of federal programs and authorities to promote this domestic and allied-sourced hardware, thereby strengthening the national supply chain for critical digital asset infrastructure.
The Blockchain Regulatory Certainty Act of 2026 aims to clarify the regulatory treatment of certain non-controlling developers or providers of distributed ledger services involved in digital assets. Specifically, it exempts those who do not have the unilateral ability to control or effectuate transactions from being treated as money transmitting businesses under federal law. This includes activities like creating software, providing maintenance, facilitating self-custody, or offering infrastructure support for distributed ledgers, ensuring they are not subject to similar registration requirements.
The "Keep Your Coins Act of 2025" aims to prevent Federal agencies from limiting an individual's use of convertible virtual currency to purchase goods or services for personal use. It further protects the right of individuals to self-custody digital assets using self-hosted wallets for any lawful purpose. The bill defines "convertible virtual currency" as a medium of exchange equivalent to or a substitute for currency.
This bill mandates that government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac incorporate digital asset holdings into mortgage loan risk assessments. It defines eligible digital assets as fungible, cryptographically-secured representations of value on a distributed ledger, held under qualified custodial arrangements. These digital assets can be included in a borrower's financial reserves for a mortgage without needing prior conversion to U.S. dollars. The bill also requires GSEs to implement risk adjustments for market volatility, liquidity, and asset concentration.
This bill proposes to amend the Federal Reserve Act to explicitly prohibit Federal Reserve banks from offering products or services directly to individuals or maintaining individual accounts. Crucially, it bans the Federal Reserve from developing, testing, implementing, or issuing a central bank digital currency (CBDC), either directly or indirectly, and from using a CBDC for monetary policy. The legislation defines CBDC as a direct liability of the Federal Reserve System, denominated in the national unit of account, and widely available to the public.
A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.
Details
This bill proposes several amendments to the Internal Revenue Code of 1986 to reform the tax treatment of digital assets. It defines digital assets, introduces a de minimis exemption for small gains from using crypto for purchases, and clarifies the tax treatment of digital asset lending, mining, and staking. The bill also extends wash sale rules to digital assets with an exception for stablecoins, and allows dealers and traders in digital assets to elect mark-to-market accounting. Additionally, it updates rules for charitable contributions of digital assets.
Took stances on a bill between 2025-05-01T00:00:00.000Z and 2025-06-17T00:00:00.000Z
Bill Name
GENIUS Act
Details
The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.
Timeline
2025-06-17
Very Pro-Crypto
Voted for - Final Passage Out Of Senate
2025-06-12
Very Pro-Crypto
Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
2025-05-20
Very Pro-Crypto
Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
This bill proposes establishing a "Strategic Bitcoin Reserve" within the United States, mandating the Treasury Secretary to acquire 1,000,000 Bitcoins over five years. It directs the secure cold storage of these holdings, alongside Bitcoins obtained through forfeiture or gifts, in geographically dispersed facilities. The legislation also establishes transparency requirements, including public cryptographic attestations, and permits states to voluntarily store their Bitcoin holdings in segregated accounts within the Reserve. Funding mechanisms for the Bitcoin purchases include utilizing Federal Reserve System surplus funds and revaluing gold certificates.
This bill, known as the GENIUS Act of 2025, establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines payment stablecoins, outlines requirements for issuers including 1:1 asset backing, and clarifies that such stablecoins are not to be classified as securities or commodities. The legislation creates a dual chartering system for state-level and federal non-bank entities, detailing supervision, enforcement, and insolvency procedures to protect consumers.
This bill establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines payment stablecoins, outlines strict 1:1 reserve requirements with highly liquid assets, mandates public disclosures and monthly audits, and grants regulatory oversight to federal and state banking authorities. The bill also clarifies that permitted payment stablecoins are not securities and provides strong customer protection through asset segregation and priority in insolvency.
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.