24/7 Cryptocurrency News

‘We Are Building A Crypto Army in Congress’- Sen Cynthia Lummis

Senator Cynthia Lummis noted that a pro-crypto army is rising in the United States Congress after the recent FIT21 vote.
Published by
‘We Are Building A Crypto Army in Congress’- Sen Cynthia Lummis

Highlights

  • Sen Cynthia Lummis stated the rise of a pro-crypto army in Congress.
  • This comes after two major bipartisan votes in Congress.
  • Crypto users remain delighted as lawmakers back the industry.

United States Sen Cynthia Lummis has restated the growing support for crypto assets in Congress following recent wins marked by the industry. In a May 23 post on X (formerly Twitter), the pro-crypto legislator wrote that a pro-industry army is in the works in Congress. 

We are building a pro-crypto army in Congress.” 

This has sparked a social media frenzy around crypto spaces as users laud the wider efforts of lawmakers. The community still awaits more regulations to prevent excess lawsuits between crypto firms and the Securities and Exchange Commission (SEC). Although the market is optimistic based on the recent turnaround of some lawmakers, skeptics fear the fate of the FIT21 crypto bill in the Senate. 

Advertisement

Sen Cynthia Lummis Hails Two Crypto Wins 

Sen Cynthia Lummis’s comments come on the back of two major wins for digital assets. Last week, the United States Senate overturned the Gary Gensler-led SEC’s SAB 21 which imposes harsh rules on financial institutions seeking to become crypto custodians.

In her reaction, Senator Lummis posted a picture with Bitcoin laser eyes with the caption “We are so back.” Again the move ignited the belief that lawmakers are now turning towards friendlier policies. This week, the majority of the House of Representatives voted to establish regulatory clarity in the market. Both Republican and Democratic lawmakers voted in favor of FIT21 legislation. 

Although the bill faces potential backlash in the Senate, it underscores the change in the status quo. The passage of FIT 21 proves there is strong, bipartisan support in Congress for creating a regulatory framework for the crypto industry,” Sen Lummis added.

Advertisement

Anti-Crypto Lawmakers Might Delay Rules

Unlike Sen Lummis, Sen Warren and others have actively criticized crypto calling for stringent regulations. According to Warren, crypto use in financing terror and other illegal financial activities remains high restating efforts to protect consumers.

Other lawmakers have voiced concerns over FIT21. Rep Maxine Waters termed it the most harmful proposal seen in a long time as it will deregulate crypto which can lead to a market crash. 

Also Read: Bitcoin Whales Accumulate 20K BTC, Fueling $70K BTC Rally 

Advertisement

Share
David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025