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Senators Gillibrand and Lummis release long-awaited cryptocurrency bill

IRA Financial Trust, a provider of crypto IRA services, said Monday that it is suing crypto exchange Gemini for its alleged role in the breach of customer retirement accounts. IRA Financial, which has offered clients exposure to crypto via integration with Gemini, said in a press release that the New York-based Gemini’s systems were responsible […]

Sens. Lummis and Gillibrand collaborate on crypto regulatory framework

New York Senator Kirsten Gillibrand and Wyoming’s Senator Cynthia Lummis are joining forces on a yet-to-be introduced bill that promises regulatory clarity for crypto. The two teased their forthcoming bill at a Politico Live event Thursday. The provisions of the bill are still in flux as the two continue to solicit comments from stakeholders, with Gillibrand saying they’re in “the beginning of the process.” The result, according to Gillibrand, will be a “broad-based regulatory framework for how this industry should …