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Articles for Lummis

Governments and banks once mocked Bitcoin. Now they want in on it
2 days, 18 hours ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

Money Trump Crypto Digital Bitcoin Currency Central Banks
Behind the privacy hedges and block walls stand L.A.’s notable and notorious homes
5 months ago

Behind the privacy hedges and block walls stand L.A.’s notable and notorious homes

LA Times  

Probably not a place you’d even want to be your home. Frank Lloyd Wright built eight houses hereabouts, one of them La Miniatura in Pasadena, which he said he “would have rather built … than St. Peter’s in Rome.” Most are off-limits to public perusal. Scoot ahead to the 1990s, and a man who was renting the place said that …

Man Hollywood California Houses Los Los Angeles House
Senate GOP smites MTG: ‘Ridiculous,’ ‘chaos,’ ‘foolish,’ ‘turmoil’
7 months, 2 weeks ago

Senate GOP smites MTG: ‘Ridiculous,’ ‘chaos,’ ‘foolish,’ ‘turmoil’

Raw Story  

WASHINGTON — Rep. Marjorie Taylor Greene is making the Republican Party look ridiculous. RELATED ARTICLE: ‘Chaos’: MTG constituents blast her crusade to oust Speaker Mike Johnson “I think it's ridiculous, it's counterproductive, and, frankly, just foolish,” Sen. Ted Cruz told Raw Story. “I’m focused on winning the Senate majority,” Sen. Steve Daines – who’s chairing the National Republican Senatorial Committee …

Washington Senate Republican Vance House Democrat Gop
Mention ‘Liz Cheney 2024’ and things get very, very awkward on Capitol Hill
1 year ago

Mention ‘Liz Cheney 2024’ and things get very, very awkward on Capitol Hill

Raw Story  

WASHINGTON – Liz Cheney may be flirting with a 2024 presidential run, but – at least on Capitol Hill – it doesn’t seem anyone wants to take her to the dance. “I’ve got to give a speech right now,” Sen. John Barrasso told Raw Story as he walked to the Senate floor for a perfunctory immigration speech Wednesday. “She's just …

Congress Trump Party Democrats Washington Republican House
Column: Crypto is melting down. Here’s who’s hurt
2 years, 6 months ago

Column: Crypto is melting down. Here’s who’s hurt

LA Times  

Fans line up before the start of a game between the Los Angeles Lakers and Brooklyn Nets at Crypto.com Arena on Christmas Day 2021. Instead, it’s dependent on what is known as the “greater fool” theory: Crypto assets are worth whatever you can persuade another fool to pay you for them. The agency says it has “serious concerns about plans’ …

Crypto Assets Investments Bitcoin Investors Value Plans
There's a new plan to regulate cryptocurrencies. Here's what you need to know
2 years, 6 months ago

There's a new plan to regulate cryptocurrencies. Here's what you need to know

NPR  

There's a new plan to regulate cryptocurrencies. Enlarge this image toggle caption Alex Peña/Getty Images Alex Peña/Getty Images But perhaps most importantly — and the thing that has skeptics most concerned — is that the bill defines most cryptocurrency as commodities, which would be overseen by the Commodity Futures Trading Commission, instead of securities, which would fall to the much …

Industry Cryptocurrency Congress Crypto Regulatory Cryptocurrencies White
Amid crypto turmoil, senators propose sweeping oversight
2 years, 6 months ago

Amid crypto turmoil, senators propose sweeping oversight

Associated Press  

WASHINGTON — Wide-ranging bipartisan legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures. The bill “creates regulatory clarity for agencies charged with supervising digital asset markets, provides a strong, tailored regulatory framework for stablecoins, and integrates digital assets into our existing tax and banking laws,” Lummis said in an emailed statement. …

Cryptocurrency Congress Assets Digital Washington Bill Irs
Amid crypto turmoil, senators in US propose sweeping oversight
2 years, 6 months ago

Amid crypto turmoil, senators in US propose sweeping oversight

The Hindu  

A bipartisan pair of senators has unveiled what would be the most wide-ranging legislative proposal to regulate cryptocurrencies and other digital assets, following a series of high-profile busts and failures. The bill unveiled Tuesday, called the Responsible Financial Innovation Act, proposes legal definitions of digital assets and virtual currencies; would require the IRS to adopt guidance on merchant acceptance of …

Cryptocurrency Congress Crypto Assets Digital Bill Irs
Griffith Park is named for a guy who shot his wife — and other true stories of L.A. parks
2 years, 7 months ago

Griffith Park is named for a guy who shot his wife — and other true stories of L.A. parks

LA Times  

Griffith Observatory — named after Griffith J. Griffith, who donated the money to have it built — is seen on a vintage postcard from Patt Morrison’s collection. So at Christmas 1896 he presented the city with thousands of acres, along with the pious sentiment that would wind up on his statue in Griffith Park: “Public parks are a safety valve …

Golf Land Parks City Hollywood Virginia Los
Fed nominee pushes back against GOP claims of anti-oil bias
2 years, 10 months ago

Fed nominee pushes back against GOP claims of anti-oil bias

Associated Press  

WASHINGTON — Pushing back against critics, a key nominee to the Federal Reserve’s Board of Governors said Thursday before a Senate panel that she would not make it more difficult for any industry to obtain bank loans. “This is one of the most remarkable cases of confirmation conversion I have ever seen,” Toomey said, suggesting Bloom Raskin has switched her …

Climate Change Support Board Financial Senate Republican Democrat
Go ahead and rub L.A.’s winter sunshine in people’s faces. We’ve been doing it forever
2 years, 11 months ago

Go ahead and rub L.A.’s winter sunshine in people’s faces. We’ve been doing it forever

LA Times  

The sun was always shining on Southern California in this vintage postcard from Patt Morrison’s collection with a 1912 postmark. As Bill Murray’s character rebuked the demon in “Ghostbusters II,” “If you had Brain One in that huuuge melon on top of your neck, you would be living the sweet life out in Southern California’s beautiful San Fernando Valley.” Our …

Winter Climate California Train Los Angeles Southern Las
A big fight is brewing over cryptocurrencies. These are some key players to watch
3 years, 1 month ago

A big fight is brewing over cryptocurrencies. These are some key players to watch

NPR  

A big fight is brewing over cryptocurrencies. Sponsor Message Sen. Elizabeth Warren Enlarge this image toggle caption Kevin Dietsch/POOL/AFP via Getty Images Kevin Dietsch/POOL/AFP via Getty Images Count Warren, the progressive senator from Massachusetts as a cryptocurrency skeptic. Sen. Cynthia Lummis Enlarge this image toggle caption Kevin Dietsch/POOL/AFP via Getty Images Kevin Dietsch/POOL/AFP via Getty Images Then there are the …

Cryptocurrency Congress Bitcoin Treasury Image Cryptocurrencies Images
Crypto-Savvy U.S. Senator Sees the Future in Wyoming
3 years, 3 months ago

Crypto-Savvy U.S. Senator Sees the Future in Wyoming

Bloomberg  

In 2013 then-Representative Cynthia Lummis first heard about a new form of currency from her daughter and son-in-law, who helped Lummis buy her first Bitcoin for $330. Eight years later the first-term Republican senator from Wyoming has become one of Capitol Hill’s most ardent supporters of cryptocurrencies and the blockchain technology that powers them. Driven by curiosity about the subject …

Lummis
Why Does a U.S. Senator Have Laser Eyes on Twitter Now?
54 years, 11 months ago

Why Does a U.S. Senator Have Laser Eyes on Twitter Now?

Slate  

The junior senator from America’s least populous state has its most dangerous retinas. On Friday, Wyoming’s Cynthia Lummis added laser eyes to her Twitter profile picture, confounding the political press and delighting cryptocurrency investors on the platform. Photoshopping laser eyes onto profile pictures has become a calling card among Bitcoin adherents who are trying to rally the cryptocurrency to reach …

Cryptocurrency Bitcoin State Twitter Wyoming Lummis Laser Eyes
Wyoming delegates move to block oil, gas executive order
3 years, 10 months ago

Wyoming delegates move to block oil, gas executive order

Associated Press  

— Three Wyoming lawmakers in Washington have proposed legislation to block the Biden administration from ordering a moratorium on new federal leases to energy companies. Cynthia Lummis and John Barrasso and Republican Rep. Liz Cheney introduced the three bills on Thursday in response to an executive order issued by President Joe Biden a day before, the Casper Star-Tribune reported. Biden …

Order Biden Cheney Wyoming Lummis Barrasso Block Oil