Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress - Ep. 651
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform.\nWith crypto becoming more politicized than ever, US Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington DC.\nWith crypto becoming more politicized than ever, U.S. Senator from Wyoming Cynthia Lummis came on Unchained to talk about the recent regulatory action in Washington, D.C.\nShe delves into what led to bipartisan support to repeal SAB 121, and how the strength of the vote there in both the House and Senate may have affected the about-face decision to approve spot ether ETFs. Sen. Lummis also explains why she disagrees with how Gary Gensler\u2019s SEC is handling the industry, how to avoid the next TerraUSD, why she feels Wyoming-chartered Custodia Bank is not being treated fairly, the ban on a Chinese-owned, Wyoming-based Bitcoin mining firm, and what advice she would give to the crypto industry during this election year.\nShow highlights:\n\nWhy the SAB 121 approval was bipartisan\xa0\n\nWhether President Biden will veto the resolution\xa0\n\nHow it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs\n\nHow the SEC's approach to regulating the industry "is not the American way"\n\nWhether there is a bipartisan majority in favor of crypto in Congress\n\nHow bitcoin has come a long way in terms of adoption\n\nSen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation\n\nThe differences between the Lummis-Gillibrand bill and FIT21\n\nHow Sen. Lummis feels about the denial of a master account for Custodia Bank\n\nWhether there's a move against Bitcoin mining companies in the US, given the recent ban of an operation in Wyoming\n\nWhat Sen. Lummis would advise for the industry to accomplish its goals\n\n\nVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com\nThank you to our sponsors!\n\niTrustCapital\n\nPolkadot\n\nVaultCraft\n\nGuest\n\nSenator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress - Ep. 651, U.S. Senator from Wyoming\nLinks\nEther ETFs\n\nUnchained:\xa0\n\nAnalysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security\n\nBits + Bips: Is US Politics Driving the ETH ETF Approval?\n\nWhy Spot Ether ETFs Are Now Likely to Be Approved on Thursday\n\nSAB 121\n\nBloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance\xa0\n\n\n\nFIT21:\nUnchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?\n\nOpen cases:\n\nFortune: SEC sued over Ethereum, crypto firm asks court to state token is not a security\n\n\nUnchained:\xa0\n\nGary Gensler\u2019s Case Against Uniswap: Does the SEC Even Stand a Chance?\n\nSEC Puts DeFi in Its Sights With Potential Uniswap Suit\n\nUnchained:\n\nSEC Investigating Ethereum Foundation Regarding Proof-of-Stake Transition: Report\n\nThe Real Reason Why the SEC Might Be Going After Ethereum\n\n\nTimestamps:\n\n(00:00) Introduction\n\n(02:53) Why the SAB 121 approval was bipartisan\xa0\n\n(04:52) Whether President Biden will veto the resolution\xa0\n\n(08:40) How it's a "mystery" to Sen. Lummis why the SEC had a change of heart about Ether ETFs\n\n(13:23) Why Senator Lummis believes there is a bipartisan majority in favor of crypto in Congress\n\n(20:19) Sen. Lummis' thoughts on how to regulate the stablecoin industry and avoid a Terra Luna situation\n\n(23:55) The differences between the Lummis-Gillibrand bill and FIT21\n\n(28:59) How Sen. Lummis feels about the denial of a master account for Wyoming-special purpose depository institution Custodia Bank\n\n(30:20) What she thinks about the Biden administration\u2019s ban against a Wyoming-based, Chinese-owned Bitcoin mining company near a nuclear site\n\n(33:44) What Sen. Lummis would advise for the industry to accomplish its goals\n\n(35:04) Weekly Recap\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices