Meet Washington's 'Crypto Queen,' a Republican senator who owns $100,000 in bitcoin and wrote a bill to finally regulate the industry
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Republican Sen. Cynthia Lummis owns a large bitcoin stake and co-sponsored a significant crypto bill. The bill would help classify coins as either commodities or securities, and decide which agency should regulate them. Some are skeptical about her pro-crypto fervor, given her influence in Congress and fanfare in the industry. But some believe her enthusiasm is an asset in policymaking, and it reflects the interests of many in the crypto industry, some say it's a classic conflict of interest on policymaking. As the nickname "Crypto Queen" of Congress, Sen.Lummis is all for it," a spokesperson for the senator told Insider. She put her bitcoin holdings in a blind trust after receiving blowback for owning the digital assets. Source