Cynthia Lummis, the incoming Republican Senator who’ll bring BitcoinBitcoin to the US Congress, has hired Tyler Lindholm, Wyoming's “Crypto Cowboy” as the State Policy Director of Wyoming.
Lindholm, who is also Chief of Ranching Operations at BeefChain, a food chain supply company that promises “blockchain verified beef & sheep,” will begin his new job on January 3, 2021, a little under two weeks before President-elect Joe Biden’s inauguration.
Lindholm, formerly Wyoming State Representative and co-chair of the Wyoming Blockchain Task Force, passed several pro-crypto pieces of legislation to encourage crypto businesses to the state, among them the Utility Token Act and the Digital assets-existing bill.
Such legislation has helped the state attract big blockchainblockchain business. Kraken Financial, the banking arm of crypto exchange Kraken, won a license from Wyoming to set up the nation's first crypto bank. IOHK, the creators of Cardano, opened a blockchain lab at the University of Wyoming.
Lummis, a native of Wyoming and an alumna of the state’s university, told podcaster Peter McCormack in a podcast published today, and recorded on December 1, “I really want to use my time in the US Senate, in part, to help introduce the topic of Bitcoin, increasing the understanding in the Senate about Bitcoin.”
“What it is, what it does, how it can be an asset that can grow and develop as an adjunct, or basically alongside, fiat currency.”
Bitcoin, said the conservative Senator, feels like an American idea. In her campaign for Senator, Lummis pushed for an “America First” policy.
“Bitcoin can function alongside a fiat currency and adjunct store of value; in fact, a better store of value than a fiat currency,” she told McCormack.
He likes beef. He likes blockchains. He’s the co-owner of BeefChain.
Tyler Lindholm is Wyoming’s blockchain cowboy. A cattle rancher, husband, and father of four, Lindholm is a three-time state representative and co-chair of the Wyoming Blockchain Task Force.
“I’m probably the geekiest cowboy you’ll ever meet,” he says, in exactly the sort of Western twang you’d expect.
And, for the last two years, the Blockchain Cowboy has had one, singular focus:
“I’m going to make it so goddamn expensive to d...
If anything, Bitcoin could do an even better job than the meddlin’ Fed, she sniffed. “In the case of US currency, inflation is baked into the Federal Reserve's plan for the US dollar. So it's no wonder that our buying power is eroded,” she said.
Other things on Lummis’s to-do list during her time in the Senate include building a wall on the southern border of the USA, defending the second amendment and stopping the “socialist agenda.” Her new commander-in-chief may not approve.
I’m not in favor of regulatory capture against the free markets. That certainly won’t help the unbanked. I believe in competition. Not picking winners any losers. https://t.co/7CXU5ClzRv
Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent.
But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida.
Though the conference was heavily focused on th...
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday.
The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission.
"With today...
The NASDAQ exchange has applied to the U.S. Securities and Exchange Commission to list shares of an Avalanche exchange-traded fund issued by crypto asset manager Grayscale.
The 19b-4 form for Grayscale's AVAX ETF follows its registration as a Delaware Trust entity more than two weeks ago.
If approved, the AVAX ETF would use Coinbase Custody as its custodian, the 19b-4 shows.
The issuer must still file an S-1 registration statement describing the product, however.
AVAX, the utility token of L...