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Search results for Cynthia Lummis

Crypto

Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June

U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

Crypto

White House signals major announcement on U.S. strategic bitcoin reserve within weeks, bill to be renamed

The Trump administration’s strategic bitcoin reserve initiative is expected to reach a turning point within weeks, with the White House signaling follow-up steps and Congress moving to rework related legislation. Patrick Witt, who oversees White House digital asset policy, said a major announcement would be made in the coming weeks. Lawmakers are seeking to anchor the policy in law by renaming and refiling the bill as the U.S. Reserve Modernization Act.

Crypto

U.S. Treasury adds PayPal, Venmo to national debt donations as bitcoin reserve bill stalls

The U.S. Treasury has added PayPal and Venmo payments to its Pay.gov form that allows the public to make voluntary donations to reduce the national debt. The program has operated since 1961, with about $67 million received since 1996 and around $30,000 in February 2026. Donations remain small compared with total U.S. debt of $39 trillion and monthly interest costs of about $88 billion. A proposed bitcoin reserve bill remains stuck in committee.