Cynthia Lummis
Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
The Wyoming senator is likely to vote against President Biden’s nominees to head the U.S. Federal Reserve, and will rally other senators against them, said a Lummis aide.
President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Sen. Cynthia Lummis and others are now attempting to narrow the scope of the law’s crypto broker clause with a separate bill.
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
With Biden’s signature imminent, the Wyoming senator is trying once more to narrow the bill’s “broker” scope.
Pro-Crypto Senator Lummis Discloses Bitcoin Purchase Worth Up to $100K
Lummis executed her latest purchase on Aug. 16 from the brokerage firm River Financial, according to a filing on Thursday.
Pro-Crypto Senator Lummis Says Stablecoins Should Be Audited
A full audit would be more rigorous than the attestations the coins’ two top issuers have produced.
Sen. Lummis Presents New Amendment to $1T Infrastructure Bill on Senate Floor
Sen. Cynthia Lummis (R-Wyo.) discusses the compromise amendment to a contentious crypto provision in the $1 trillion infrastructure bill she presents on the Senate floor Monday afternoon. “What we tried to do with this amendment is to remove some of the unintended consequences of the definition of “broker,” Lummis said.
The US Senate Goes to War Over Crypto Taxation
With two competing amendments and pressure from the White House and Treasury, crypto taxation is suddenly the crux of the massive infrastructure bill.
Senators Propose Crypto Tax Exemptions Amendment for $1T Infrastructure Bill
Senators Ron Wyden (D-Ore.), Cynthia Lummis (R-Wyo.), and Pat Toomey (R-Penn.) are proposing an amendment to the $1 trillion bipartisan infrastructure bill that will exempt bitcoin miners and other validators from the crypto tax reporting provision. Kristin Smith, the executive director of the Blockchain Association, discusses the specifics and potential impact of this amendment and what it means for industries outside the crypto world.
Crypto Tax Exemptions Floated for $1T US Senate Bill
The carve-out would allow for miners, developers and node operators to be exempt from broker tax reporting purposes.
How Controversial Crypto Tax Found Its Way Into US Infrastructure Bill
The crypto provision in the U.S. infrastructure bill was one of a handful of issues that nearly delayed the entire package.
