• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Creator of over 100 memecoins says rug pulls are the ‘easiest way to make money’

2025-05-18
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    2025-05-16

    A Beginner’s Guide to Crypto

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Regulation»Senator Lummis says crypto will play important role in US economy post-elections
Senator Lummis says crypto will play important role in US economy post-elections
Regulation

Senator Lummis says crypto will play important role in US economy post-elections

2024-05-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Senator Cynthia Lummis lately mentioned the crypto market will play a major function within the US economic system except the chance is squandered.

Lummis, a vocal advocate for pro-crypto laws, believes that latest victories in Congress sign a promising future for the sector.

In recent times, pro-crypto lawmakers like Lummis have labored tirelessly to coach their colleagues about digital property. She mentioned in a social media put up on Could 29:

“After I got here to the US Senate, no person knew something about digital property, nobody knew the distinction between Bitcoin (BTC) and various cash. So we’ve labored onerous to coach members of the Senate.”

Lummis, alongside Senator Kirsten Gillibrand and others, has established a monetary innovation caucus and a framework for managing the crypto sector.

She emphasised Bitcoin’s function as a retailer of worth and a way of trade, which has contributed to its rising adoption globally. Components corresponding to inflation have pushed customers to Bitcoin as a hedge and a retailer of worth.

Lummis additionally highlighted the growing consciousness round Ethereum, which she described as a blockchain able to supporting quite a few purposes.

The US crypto market has made vital progress lately, together with the SEC’s approval of spot Bitcoin and Ethereum ETFs. Moreover, a number of pro-crypto payments have additionally superior in latest weeks, indicating a extra favorable regulatory atmosphere and bipartisan cooperation.

One notable legislative success is the Home of Representatives’ approval of the Monetary Innovation and Know-how for the twenty first Century Act (FIT21), which noticed some Democrats cross occasion traces in help.

Moreover, the Senate voted to overturn Gary Gensler’s Employees Accounting Bulletin No. 121 (SAB 121), easing the trail for banks to change into crypto custodians.

See also  Former Goldman Sachs Executive Predicts Crypto Exodus From US, Says Coinbase, Circle and Others Planning To Move

Because the upcoming US Presidential elections draw close to, the narrative round crypto continues to evolve, with optimism excessive for additional progress and integration of digital property into the economic system.

Talked about on this article

Source link

Crypto economy Important Lummis play postelections Role Senator
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Beginner’s Guide to Crypto

2025-05-16

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

Phishing scammers now exploiting Google’s infrastructure to target crypto users

2025-04-16

Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

2025-04-11
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Mercuryo Announces Injective Integration with INJ Support

2024-05-27

Mercuryo, a preferred platform providing cutting-edge monetary companies relating to fintech and Web3 functions, has…

Altcoins

Ethereum Price Surges 5% As ETH Bulls Finally Take Over, $2,550 Next?

2023-12-27

Ethereum worth is gaining tempo above the $2,320 resistance zone. ETH is up over 5%…

Analysis

Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run

2023-12-10

Distinguished altcoin, XRP, has produced a optimistic efficiency within the final day, rising by 6.92%,…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

2023-03-09

Osmosis Rally Intensifies With 72% Rally

2023-12-16

Linkin Park’s New Music Video Is Directed by NFT Artist Pplpleasr

2023-02-09

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$111,002.000.17%
  • ethereumEthereum(ETH)$2,669.870.04%
  • tetherTether(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.440.46%
  • binancecoinBNB(BNB)$684.170.23%
  • solanaSolana(SOL)$186.344.02%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 111,259.81
ethereum
Ethereum (ETH) $ 2,683.76
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.45
bnb
BNB (BNB) $ 686.29
solana
Solana (SOL) $ 186.80
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.248358
cardano
Cardano (ADA) $ 0.823937
tron
TRON (TRX) $ 0.275443