The "Crypto Queen" of the United States, Loomis, announced her retirement in 2026, while the Fed advances the "streamlined main account" plan.

robot
Abstract generation in progress

According to Deep Tide TechFlow news, on December 22, as reported by Crypto in America, U.S. Wyoming Republican Senator Cynthia Lummis announced on December 22 that she would not seek re-election in 2026, prompting widespread tributes from the cryptocurrency industry. Dubbed the “Crypto Queen” of the Senate, Lummis has played a central role in shaping digital asset policy, with her legislative legacy including the GENIUS Act and the Responsible Financial Innovation Act. Meanwhile, the Fed issued a request for information to advance the “streamlined master account” plan advocated by Christopher Waller, aimed at allowing eligible crypto institutions to use Fed payment services, providing an alternative outside the traditional banking system for the industry. Former Vice Chairman Michael Barr opposed this, expressing concerns about the lack of sufficient AML safeguards.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)