U.S. Senator Cynthia Lummis: The donations received came from FTX contributions, not from SBF

2022-12-12 08:07:03

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ChainCatcher news, U.S. Senator Cynthia Lummis discussed the collapse of FTX and a donation she discovered from the failed company with Hot Wallet host Rosemarie Miller on a podcast. Lummis revealed that the donation was from FTX and not from SBF. Additionally, Lummis detailed Washington's response to FTX and the current state of crypto regulation.

It is reported that Cynthia Lummis is one of the senators advocating for cryptocurrency regulation. She, along with Senator Kristen Gillibrand (D-NY), has crafted the most comprehensive cryptocurrency regulatory bill to date, which favors the U.S. Commodity Futures Trading Commission (CFTC) as the regulatory body and alleviates tax concerns for users purchasing goods with cryptocurrency. The bill needs to pass through congressional committees in 2023 to take effect. (Forbes)

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Cynthia Lummis FTX US regulation

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