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Senator Cynthia Lummis Profile picture
@SenLummis
Jan 6 • 1 tweets • 1 min read • Read on X
Why is the U.S. gov still liquidating bitcoin when @POTUS explicitly directed these assets be preserved for our Strategic Bitcoin Reserve? We can’t afford to squander these strategic assets while other nations are accumulating bitcoin. I’m deeply concerned about this report.

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More from @SenLummis

Senator Cynthia Lummis Profile picture
Apr 25, 2025
(1/5) The Federal Reserve’s actions yesterday withdrawing crypto guidance are just lip service. Here’s why:
(2/5) The Fed continues to illegally flout the law on master accounts.
davispolk.com/insights/clien…
(3/5) Unlike the OCC and FDIC, the Fed STILL uses reputation risk in bank supervision.
Read 5 tweets
Senator Cynthia Lummis Profile picture
Jan 28, 2022
1/ I wanted to share a few thoughts about House Democrats’ version of the America Competes Act (pg. 1485 below), which is raising alarms across the financial industry.

rules.house.gov/sites/democrat…
2/ This provision would give the Treasury Secretary and those she deputizes unilateral, unlimited power to ban any type of financial asset that has a foreign link, without public notice and without any time limit.
3/ It doesn’t say it explicitly, but this is a direct attack on the digital asset industry. The Treasury Department already has broad authority in this area, but it has a strict time limit and a public notice requirement.
Read 7 tweets
Senator Cynthia Lummis Profile picture
Aug 9, 2021
This has been an interesting day. Here’s what is happening: First, we’ve been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome.
Right now, we need an agreement on allowing amendments, which is being held up because of conflict between senators over the 30-hour rule, which allows the Senate to consider/read/review a bill for up to 30 hours before voting on it.
Some senators want to keep focusing on the infrastructure bill for 30 hours to raise awareness about its price tag. Senator Schumer wants to quickly vote in order to focus on other legislation, and won’t allow amendment votes unless that happens.
Read 5 tweets
Senator Cynthia Lummis Profile picture
Feb 5, 2021
Only weeks after Democrats and Republicans came together for the fifth time in less than a year to pass bipartisan coronavirus relief legislation, ‘Unity’ President Joe Biden chose the partisan path. (1/4)
Even after an Oval Office meeting with Republican senators, President Biden pushed forward with a legislative plan to ignore Republicans and ram a progressive wish list through the Senate. (2/4)
With over $4 trillion previously allocated and billions in relief left unspent, Joe Biden could pause to assess the situation, and work with Republicans to send targeted relief where it’s needed. (3/4)
Read 4 tweets
Senator Cynthia Lummis Profile picture
Jan 28, 2021
Today, I’m joined by 25 colleagues from 19 states to fight the #BidenBan. bit.ly/3t1Qijo
Banning energy leasing on federal lands would be catastrophic for western states that are already reeling from the decline in energy usage brought on by the pandemic and continued volatility in energy markets.
It’s a one-two punch that means disaster for energy jobs, families and communities. That’s why I authored a bill prohibiting any bans on federal leasing without the consent of Congress.
Read 5 tweets
Senator Cynthia Lummis Profile picture
Jan 21, 2021
A mere 24 hours ago, President Biden stood before America promising to unify our nation. Yet on day one, he took divisive actions to devastate Wyoming’s economy.
Make no mistake about it, the Biden Ban is a strike on the heart of Wyoming jobs, families and communities. His actions to appease the radical left will be borne disproportionately on the shoulders of states like Wyoming with high amounts of federal lands.
This unilateral action will kill jobs, raise gas and energy prices, and further harm our ability to fund our schools, roads, hospitals, and other critical infrastructure. The price of this ban is simply one the people of Wyoming cannot afford.
Read 4 tweets

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