- Senator Cynthia Lummis has announced that she will co-host Bitcoin for America, a high-profile event in Washington, D.C.
- The event aims to shape Bitcoin’s role in the U.S. economy through policy discussions.
Bitcoin’s making its way to Capitol Hill in a big way. Senator Cynthia Lummis is teaming up with the Bitcoin Policy Institute to host Bitcoin for America on March 11 in DC. They’re bringing together some serious heavyweights. We’re talking industry leaders, politicians, and Bitcoin experts all in one room about how Bitcoin is reshaping America’s economic landscape.
Lummis has presented herself as a Pro-Bitcoin, and she’s hinting that something major might be in the works. Her cryptic tweet “₿ig things cooking” with that Bitcoin symbol, suggests there could be some new legislation coming down the pipeline on March 11th.
Bitcoin’s Growing Role in Policy
Lummis has established herself as Bitcoin’s champion in Congress. She’s been pushing hard for clearer rules around crypto and has even put forward this bold idea for the U.S. to have its own strategic Bitcoin reserve.
Reminiscing about rolling out her plan back in July 2024, she suggested the Treasury consider Bitcoin a long-term asset that could help fight inflation and give the dollar a boost.
She’s been in an even better position to make waves since January 2024, when she took over as chair of the Senate Banking Subcommittee on Digital Assets. Ever since then, she’s been on a mission to make crypto regulation more transparent.
In February, she challenged the Federal Reserve over its alleged pressure on banks to limit crypto access, demanding documents related to Operation Choke Point 2.0. Lummis has been busy on other fronts too.
A Defining Moment for Crypto Policy
The upcoming Bitcoin for America event could mark a turning point for U.S. crypto policy. Lummis has already made strides by holding the first hearing of the Senate Banking Subcommittee on Digital Assets on February 26. The hearing focused on market structure and stablecoins, with expert testimonies that could shape future regulations.
Lummis has her work cut out for her when it comes to getting both sides on board. She’s worked with Senator Kirsten Gillibrand before, who’s a Democrat, but unfortunately, Gillibrand isn’t on the Senate Banking Committee. So now Lummis needs to find some other Democrats willing to team up if she wants to push forward any pro-crypto bills.
The guest list for this hearing is pretty telling about where things might be headed. They’ve got Jai Massari from Lightspark and Austin Campbell, who’s been pretty vocal about criticizing how the SEC handles crypto regulation. Bringing these voices to the table suggests they’re pushing for clearer, fairer rules for the crypto world. What these folks have to say could shape how the U.S. approaches crypto policy going forward.