
Who?
Sen. Cynthia Lummis (R-WY) — Member, Senate Banking, Housing & Urban Affairs and Commerce Committees
LISTEN: Laslo & Lummis
Ask a Pol asks:
Now that we’re past July Fourth, Congress’ annual monthlong August recess is just around the corner, is the effort to send President Donald Trump a stablecoin measure ASAP a recognition that it’s going to be a while before Congress can negotiate a broader market structure measure for digital assets?
Key Lummis:
“There’s definitely a momentum element to this. We want to keep the momentum and keep the attention on digital assets, because it has become an enormous industry,” Lummis exclusively tells Ask a Pol Crypto.
“And a lot of members of Congress are still not aware of how significant it is, and how nimble it can be if it has to go to other jurisdictions in order to find a regulatory framework they understand, so we’re behind. And so time is of the essence to pass a legislative framework to deal with digital assets.”
Stablecoin staying standalone bill?
The President’s itching to sign something on digital assets?
“He’s itching,” Lummis says of why Congress seems to be moving forward with both a stablecoin bill — which Trump’s expected to sign soon — a separate market structure measure for other digital assets. “He is itching, which is fine.”
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Caught our ear:
“We’re behind,” Lummis tells us. “So time is of the essence to pass a legislative framework to deal with digital assets.”
Below find a rough transcript of Ask a Pol’s exclusive interview with Sen. Cynthia Lummis (R-WY), slightly edited for clarity.
TRANSCRIPT: Sen. Cynthia Lummis (7-09-2025)
SCENE: Ask a Pol’s Matt Laslo gives Sen. Cynthia Lummis space as she chats with an aide. Once there’s a pause in the conversation, Laslo slides in and proceeds to hop an elevator with Lummis up to the Senate floor.
Matt Laslo: “How are you senator?”
Cynthia Lummis: “Hey, I’m good. How are you?”
ML: “Living the dream.”
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ML: “So are you ready for Crypto Week next week? That’s what your House colleagues are calling it.”
CL: “Oh are they?”
ML: “Yeah. What do you make of that?”
CL: “Well, I’m definitely ready for us to get going on market structure. We were, as you know, successful in getting the GENIUS Act, which was about stablecoins, over to the House. I expect the House to send GENIUS to the White House for the President’s signature as a stand alone, and then work…”
ML: “Because he’s — the President’s itching to sign something?”
CL: “He’s itching — he is itching, which is fine.”
ML: “Yeah.”
CL: “And so we’re going to roll up our sleeves, work on market structure here in the Senate, knowing that the House is doing the same, and the fact that both bodies are motivated to get market structure addressed this year, is extremely exciting for me because I’ve been working on it for the whole time I’ve been here.”
ML: “Yeah? And like August recess is around the corner, is this kind of a recognition to get stablecoin wrapped, because it’s going to be a while before anything else is ready?”
CL: “There’s definitely a momentum element to this. We want to keep the momentum and keep the attention on digital assets.”
ML: “Yeah?”
CL: “Because it has become an enormous industry.”
ML: “Yeah.”
CL: “And a lot of members of Congress are still not aware of how significant it is, and how nimble it can be if it has to go to other jurisdictions in order to find a regulatory framework they understand, so we’re behind. And so time is of the essence to pass a legislative framework to deal with digital assets.”
Candace Taggart contributed to this post.
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