🚀 U.S. Senator Cynthia Lummis is all in on Bitcoin! She's championing for laws that support the crypto, with her latest move being a tweet of "Bitcoin laser eyes"! 💫

🔹 Lummis is known for advocating Bitcoin as a reliable store of value and shield against inflation. She's part of the Senate Banking Committee, pushing for a regulatory environment that encourages crypto innovation while protecting consumers.

🔹 The Senate just passed H.J.Res. 109, aiming to overturn SAB 121 - a rule that restricts financial institutions from acting as custodians for digital assets like Bitcoin. Lummis has been vocal about her support for this move, denouncing SAB 121 as a rule disguised as accounting guidance.

🔹 However, the White House isn't too thrilled. President Biden might veto the bill, arguing that it could undermine the SEC's efforts to protect investors and the broader financial system.

🔹 Critics of SAB 121 argue it's too restrictive and hinders financial institutions from meeting the growing demand for Bitcoin services.

🔹 The future of H.J.Res. 109 is uncertain due to the potential presidential veto. If vetoed, the current restrictions on digital asset custody remain.

What's your take on this? Should financial institutions be allowed to act as custodians for digital assets? Let's chat below! 👇 #Bitcoin #CryptoLegislation