ChainCatcher news, cryptocurrency-supporting Senator Cynthia Lummis stated that if the Federal Deposit Insurance Corporation (FDIC) destroys materials related to digital assets, it will face criminal consequences.In a letter sent to FDIC Chairman Martin Gruenberg on Thursday, the Wyoming Republican senator indicated that whistleblowers at the FDIC had reported to her allegations of these documents being destroyed, and claimed that these whistleblowers are "being closely monitored by management" to prevent them from reporting to the Senate, suggesting that legal action would be taken.Lummis stated in a declaration: "The FDIC is suspected of destroying and concealing materials related to Operation Chokepoint 2.0 with the intent to obstruct the oversight functions of the U.S. Senate, which is not only unacceptable but also illegal. If it is found that someone within the FDIC intentionally destroyed materials or attempted to impede the Senate's oversight functions, a criminal referral will be swiftly made to the U.S. Department of Justice."

ChainCatcher news, according to Cointelegraph, U.S. Senator Cynthia Lummis met with SEC chair nominee Paul Atkins to discuss digital asset legislation and regulatory reform. She hinted at potential changes in the future and jokingly suggested making the SEC "leaner."

ChainCatcher news, according to a post by Cointelegraph on X platform, Senator Cynthia Lummis recently stated that the purpose of a strategic Bitcoin reserve is "to clearly and strategically pay down the government debt hanging over every American."

ChainCatcher message, encrypted KOL Gordon disclosed a clip of U.S. Senator Cynthia Lummis's interview on Fox Business on the X platform, where she stated that President Trump is assembling an "army" to fight for Bitcoin.

ChainCatcher news, according to Cryptoslate, U.S. Senator Cynthia Lummis from Wyoming believes that SEC Chairman Gary Gensler may resign from his position at the regulatory agency next year. She made the remarks on CNBC's Squawk Box on September 27, in response to the host stating that Gensler "loves this job" and does not want to leave it. She added, "I don't believe that will happen, especially if Trump is elected president." However, she also stated that she could not confirm if the same would be true if Vice President Kamala Harris were elected.Additionally, Lummis stated that Gensler does not "fully recognize" that Bitcoin and Ethereum are commodities. Lummis further indicated that other cryptocurrencies may be commodities, but did not specify: "We need to have a clear definition. We can use the Howey test, and as it gets updated, there may be other assets besides Bitcoin and Ethereum that qualify for the jurisdiction of the Commodity Futures Trading Commission."It is worth noting that Gensler reiterated on September 26 during his appearance on Squawk Box that the SEC views Bitcoin as a commodity. However, during the congressional hearing on September 24, he did not comment on the status of Ethereum.

ChainCatcher news, Senator Lummis announced on Saturday that she will propose a bill for the U.S. Treasury to purchase 1 million bitcoins within 5 years.George Selgin, the honorary director of the Cato Institute's Center for Monetary and Financial Alternatives, stated that the actual plan is completely different from what Lummis presented on the Bitcoin 2024 stage, and the plan is far less ambitious.Although the details of Lummis's plan have not been disclosed, according to George Selgin's conversation with Lummis's office, the legislation only "indirectly" involves the Federal Reserve and has nothing to do with "bank reserves." In fact, the plan is more moderate, as the Federal Reserve will not acquire any bitcoins (although it will participate in the process). Only the Treasury will acquire them.George Selgin's biggest skepticism is why the Treasury should hold any gold or bitcoins in the first place. He suggested that the Treasury sell its gold on hand to directly pay off debt or fund other efforts, rather than holding large amounts of assets.

ChainCatcher news, according to FOX Business, U.S. Senator Cynthia Lummis from Wyoming plans to announce legislation at the Nashville Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a strategic reserve asset.Lummis's plan is still uncertain and may be delayed. This move aims to establish Bitcoin as a mainstream financial asset and gain support from the President and Congress. Lummis's team hopes that Trump will support the bill and announce the news at the conference on Saturday.