U.S. Senator Cynthia Lummis has called on banks to stop resisting Cryptocurrencies and Stablecoins and instead start adopting them as part of their modern financial services. Speaking in the Interview aired on Fox News, she argued that digital assets can help banks to create new products at a lower cost
U.S. Senator Elizabeth Warren has intensified their efforts to investigate a foreign investment in World Liberty Financial (WLFI), a cryptocurrency company associated with the Trump family, by initiating congressional oversight. This comes after it was revealed that a UAE-funded firm had invested $500 million in WLFI in January 2025, just
A crypto bank charter review in the U.S. has come under scrutiny amid questions over governance and political ties. U.S. Senator Elizabeth Warren has urged the Office of the Comptroller of the Currency (OCC) to pause its review of a bank charter application linked to World Liberty Financial (WLFI), stating
Two U.S. senators, Cynthia Lummis and Ron Wyden, have reintroduced a bipartisan bill called the Blockchain Regulatory Certainty Act to protect cryptocurrency developers from being wrongly treated as banks or financial institutions under U.S. law. This bill can help resolve the issue between U.S. law and cryptocurrency developers. Right now,
Senator Cynthia Lummis has declared that the funding of the Strategic Bitcoin Reserve in America may start now as the cryptocurrency keeps gaining momentum. The Lummis attributed the advancement of the initiative to President Trump due to recent policy formulations and executive orders. Recently, Bitcoin has reached a historic milestone
The crypto industry has been witnessing a huge shift ever since Donald Trump started his presidency in the United States in 2024. Apart from promising to make the US a crypto capital, Donald Trump swiftly ventured into the industry and started several projects. His “Official Trump” memecoin and DeFi project,
Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital assets. In a recent letter to Treasury Secretary Scott Bessent, the two lawmakers urged the department to clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains
U.S. Senator Tommy Tuberville has announced plans to introduce a bill that would allow Americans to invest their retirement savings in Bitcoin and other cryptocurrencies. The proposed legislation expands retirement planning possibilities because digital assets are gaining popularity throughout American regions. According to the Senator, the legislation moves forward through
Senator Cynthia Lummis (R-WY) has accused the Federal Deposit Insurance Corporation (FDIC) of misconduct in handling cryptocurrency oversight. In a letter to FDIC Chair Marty Gruenberg, Lummis alleged whistleblowers reported document destruction and employee intimidation linked to the agency’s crypto activities. Whistleblowers claimed the FDIC destroyed critical records and restricted
Jon Tester, the senior senator from Montana, has held that position since 2007. In fact, he serves on the Senate Banking Committee and is a significant figure in US crypto regulations. On Dec 11, NBC’s news conference stated that there is “no reason why crypto should exist.” He also claimed
