Senator Cynthia Lummis fiercely rebutted Senator Elizabeth Warren over her criticism of the Clarity Act regarding possible loopholes for illicit cryptocurrency activity. The exchange shows the current polarization in Congress, where lawmakers are still debating legislation related to digital assets before the end of the August recess. Those who support
U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
Illinois Lieutenant Governor Juliana Stratton will become the state’s next Senator after she won the Democratic primary Tuesday night and defeated Representative Raja Krishnamoorthi. Senator Dick Durbin brought the race into the national spotlight when he announced his retirement, creating a competitive political environment. Illinois Governor JB Pritzker strongly backed
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
