Notes by TPan

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Cynthia Lummis - US Senator, Wyoming

⚖️ What is going on in government

• All the recent creates the case for responsible, understandable regulation around digital assets
• Rolling out legislation on the Senate side in the next 6-8 weeks
• What’s holding them back is addressing some of the reticence, creating more robust sections around consumer protections
• Getting more bipartisan support on the Senate to share their thoughts
• Working with Rep. Patrick McHenry on Financial Services Committee
• Getting Agricultural Committees involves bc some crypto is commodities and they’ll have jurisdiction along with CFTC

🗣️ What are lawmakers saying?

• Council of Economic Advisors has come out with document questioning the use cases of digital assets
  • Senator is asking for help to share use cases for the innovations being made in the space
  • We can tell lawmakers things are faster, easier and better, but need specific use cases. Otherwise it’s falling on deaf ears
• Innovators are moving so fast that policymakers can’t keep up
  • How will US legislative frameworks impact
  • Awareness that Europe and other countries like Bahamas are moving faster than the US