U.S. Senator Cynthia Lummis on Bitcoin Regulation and Fighting for Hard Money in Congress

Cynthia Lummis is a United States Senator from Wyoming. The conservative Republican was sworn in to the Senate in 2021, and is on the Banking Committee, which has oversight over the SEC. She previously served in the House of Representatives from 2009-2016, spent 14 years in the Wyoming House and Senate, and eight years as Wyoming State Treasurer. Cynthia is a three-time graduate of the University of Wyoming in animal science, biology and law. She and New York Democratic Senator Kirsten Gillibrand have introduced the Responsible Financial Innovation Act. The bipartisan legislation aims to create a regulatory framework for the digital asset and blockchain industries.

🐦 Follow Cynthia on Twitter   / cynthiamlummis  

This episode was filmed by Swan Studios in partnership with the Hard Money Show at BitBlockBoom! in Austin, Texas.  

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🗒️ IN THIS EPISODE:

0:00 Live from BitBlockBoom! in Austin, TX
1:17 Cynthia's Bitcoin journey
1:55 Commodity and ranching background
2:53 Inflationary impacts "It's actually comforting to know Bitcoin is there."
5:25 Orange Pilling other members of Congress
7:12 "Cryptocurrency is not partisan."
8:05 Breaking down barriers while educating lawmakers in DC
9:36 Some policymakers are threatened by Bitcoin because they can't control it
10:58 Status of Responsible Financial Innovation Act with Senator Gillibrand
12:00 Figuring out amount of transaction for it to not be taxed
13:39 Regulatory clarity helping Bitcoin
15:00 Ethereum merge, debate over "environmentally friendly"
17:10 Macro economic picture, Bitcoin volatility
19:27 Federal Reserve direction
22:26 Bullish on America adopting Bitcoin
24:26 Laid back Wyoming vs. aggressive New York

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💡OTHER RESOURCES
Natalie’s website https://talkingbitcoin.com/
Cynthia Lummis https://www.lummis.senate.gov/about-c...
Responsible Financial Innovation Act https://bit.ly/3QSKx2l

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Producer: Aron Bender

🛑 DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional.

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