Who is Cynthia Lummis?

Republican Sen. Cynthia Lummis is Congress' resident cryptocurrency enthusiast. She' owns a large bitcoin stake and co-sponsored a significant crypto bill. The bill would help classify coins as either commodities or securities, and decide which agency should regulate them. Insider recommends waking up with Morning Brew, a daily newsletter.

Is Lummis a 'bad policy' for the crypto industry?

Crypto attorney Lewis Cohen — who advised Lummis staff on the bill — said it was a near-impossible task to balance the concerns of industry bigwigs and regulators. “Reflexively treating all tokens as securities,I really do believe it’s both wrong legally and fundamentally bad policy for the U.S.,” said Cohen, co-founder of the firm DLx Law.

Who reintroduced the Lummis-Gillibrand Responsible Financial Innovation Act?

The landmark bipartisan crypto bill known as the Lummis-Gillibrand Responsible Financial Innovation Act has been reintroduced by Senator Cynthia Lummis (R-Wyo.) and Senator Kirsten Gillibrand (D-N.Y.).

Could a new crypto Bill define a conversation about digital asset legislation?

Senators Cynthia Lummis and Kirsten Gillbrand unveiled a new version of their crypto bill, which could define more of the conversation around digital asset legislation. U.S. Senators Cynthia Lummis and Kirsten Gillibrand have developed a second draft of their comprehensive crypto regulation bill.