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Senator Lummis to retire from Senate in 2027, focuses on crypto legislation as final legacy

The post Senator Lummis to retire from Senate in 2027, focuses on crypto legislation as final legacy appeared com. Key Takeaways Senator Cynthia Lummis will not be seeking re-election next year; she will retire when her term ends in 2027. Her final focus in Congress is advancing crypto market structure legislation. Senator Cynthia Lummis, who made history as the first chair of the Senate Banking Subcommittee on Digital Assets, said she will retire from public service at the end of her term on January 3, 2027, making crypto market structure legislation her final legacy in Congress. Lummis announced her decision Friday and explained that it was driven by exhaustion, saying she did not feel she had the stamina for another six-year term. “It’s an incredible honor to represent Wyoming in the U. S. Senate, and throughout my time here, Wyoming has been my one-and-only priority,” Lummis said in a message. “Deciding not to run for reelection does represent a change of heart for me, but in the difficult, exhausting session weeks this fall I’ve come to accept that I do not have six more years in me. I am a devout legislator, but I feel like a sprinter in a marathon. The energy required doesn’t match up,” she added. The decision marks the end of a short but meaningful chapter in public service. Lummis has left a lasting imprint through her advocacy for Bitcoin and her push to make the US a global hub for crypto innovation. During her tenure, the Wyoming senator has introduced several Bitcoin-focused proposals, including the Bitcoin ACT, which mandates the US government to acquire up to 1 million Bitcoin over five years to create a federal strategic Bitcoin reserve. She has also backed legislation to exempt crypto transactions under $300 from capital gains taxes, aiming to simplify digital asset taxation. Source:.

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Crypto ATM founder hit with $10M money-laundering charges

The post Crypto ATM founder hit with $10M money-laundering charges appeared com. Chicago-area businessman Firas Isa, 36, was indicted for heading a $10-million money laundering conspiracy in which he ran proceeds through an unlicensed cryptocurrency exchange. Isa is the founder and CEO of Virtual Assets LLC, which owns and operates the “Crypto Dispensers” network of cryptocurrency ATMs across the United States. The company’s machines enable users to buy digital currencies in exchange for cash, cheques, and other forms of payment, providing a quick and convenient way for people to purchase cryptocurrency. Isa transformed the funds into cryptocurrency and deposited them into virtual wallets to conceal the source of the money, along with who owned it and controlled it, according to the indictment. Prosecutors said he was well aware the money stemmed from wire fraud and drug offenses. Isa and Virtual Assets LLC have each been charged with one count of conspiracy to commit money laundering. If found guilty, he could face up to 20 years in federal prison. Both have pleaded not guilty. U. S. District Judge Elaine E. Bucklo set a status hearing for Jan. 30, 2026, in federal court in Chicago. Numerous federal law enforcement agencies, including the U. S. Attorney’s Office, Homeland Security Investigations, the Federal Bureau of Investigation (FBI), the Internal Revenue Service’s Criminal Division, and the United States Postal Inspection Service, announced the charges together. Officials stressed that an indictment is not evidence of guilt and Isa is presumed innocent until proven guilty beyond a reasonable doubt. Officials issue alert on crypto ATMs Authorities also issued a warning about crypto ATMs. These machines, sold as a convenient way to enter the digital currency world, can also be used to launder money and facilitate anonymous cash transactions. Chicago alone has more than 1, 000 crypto ATMs, making the city a hotspot for a range of both legitimate and illicit transactions. Criminals can.

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3 Best Crypto Presales With Live Products: Why $TAP’s Visa Card is #1

The post 3 Best Crypto Presales With Live Products: Why AP’s Visa Card is #1 appeared com. Whenever people have looked for an outlining crypto project, usually, the project with the best use case has been the ultimate winner. That’s because, as most projects come and go, a functioning project generates real revenue that is also sustainable. And in the current market, there’s one crypto presale called Digitap (AP) that’s gaining the most headway, even with competitors like BlockDAG (DAG) and Bitcoin Hyper (YPER). Digitap (AP): The world’s first omnibank and best crypto to buy now. BlockDAG (AG): A DAG protocol with an active tesenet. Bitcoin Hyper (YPER): A Bitcoin Layer-2 project that uses the Solana Virtual Machine. Digitap: Why This Crypto Presale Stands Out Digitap is one of the most talked-about crypto presales right now, especially among smart money investors. That’s because it offers something that other crypto presales or even established projects don’t have: a way to finally merge crypto and fiat. By being an omnibank, Digitap allows users to store, hold, and spend both fiat and crypto in one place, giving both crypto and non-crypto users a service that could be massively beneficial to them. Because of this, experts see it as the best crypto to buy now. But, there’s more. Digitap also has fully-functioning crypto cards backed by Visa, allowing users to spend their fiat and/or crypto anywhere Visa is accepted. They’ll get instant conversions and settlements, and will finally be able to use crypto for everyday purchases. It’s incredibly intuitive and easy to access by non-crypto users, which has opened a huge door for Digitap in terms of potential adoption. Thousands of people are already using it, and experts believe that there will be millions more to come. Metric Details Stage Price $0. 0268 Next.

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