Skip to content

Crypto Implosion Juices Senate Odd Couple’s Push to Clamp Down

  • Wyoming rancher and New York lawyer push new regulations
  • Market implosion steels resolve of Lummis and Gillibrand
Kirsten Gillibrand and Cynthia Lummis
Kirsten Gillibrand and Cynthia Lummis

As a popular digital currency crumbled this month, two unlikely allies in the US Senate stepped up their campaign to bring regulation to the $1.3 trillion crypto market. 

Cynthia Lummis, a conservative Republican from a Wyoming ranching family, and Kirsten Gillibrand, a moderate Democrat from Albany, New York, aren’t supposed to get along -- let alone work together. But with Washington riven by deep partisan division, they have bonded over one thing: crypto needing new rules.