Senator Cynthia Lummis, a Republican representing Wyoming and known for her advocacy on digital assets and fiscal responsibility, posted several statements on social media addressing recent legislative efforts and monetary policy.
On July 23, 2025, Lummis announced the release of a new legislative proposal aimed at providing clarity for investors and the digital asset sector. She wrote, “We released a discussion draft to help give investors and the digital asset industry the certainty they deserve to ensure this vital industry innovates on American soil.” Read more from @SenatorTimScott and I below. https://t.co/O1dXUoWRKz The initiative is part of ongoing bipartisan efforts in Congress to establish clearer regulations for cryptocurrencies and related technologies.
Later that day, Lummis criticized Federal Reserve Chair Jay Powell’s handling of what she referred to as “Chokepoint 2.0,” stating “Jay Powell allowed Chokepoint 2.0 to happen under his watch. It’s time for him to go.” This remark references concerns among some lawmakers regarding alleged regulatory pressure on banks serving cryptocurrency firms.
On July 24, 2025, Lummis expressed support for legislation targeting the cost inefficiency of penny production after the House Financial Services Committee advanced a companion bill to her Common Cents Act. She stated, “Pleased to see the House companion to my Common Cents Act pass through @FinancialCmte. It costs three cents to produce 1 one-cent coin; it’s not just wasteful, it doesn’t make cents. #NoPennyNoProblem https://t.co/BCp3oUXPzP” According to data from the U.S. Mint, producing pennies has exceeded their face value for over a decade.
Lummis’s public comments reflect ongoing debates in Congress about both modernizing financial regulations around digital assets and reducing government waste through changes in currency production.
