Did This U.S Senator Just Announced Live That All Banks Will Now Offer Bitcoin, XRP, Others?
A recent post by financial expert Levi Rietveld has drawn attention to comments made by U.S. Senator Cynthia Lummis regarding the future role of banks in offering digital asset services.
The post emphasizes a significant shift in how traditional financial institutions may interact with cryptocurrencies, while also prompting clarification from a crypto media outlet regarding the scope of the senator’s statements.
Rietveld’s Interpretation of Lummis’ Statement
In the tweet, Rietveld expressed strong enthusiasm for a video clip of Senator Lummis speaking during an interview with CNBC. He wrote that the senator had “announced live that all banks will now be able to offer Bitcoin, XRP and all digital assets,” presenting the development as a decisive moment for the digital asset industry.
The tone of the post reflects a belief that regulatory barriers are rapidly diminishing and that banks are entering a new phase where they can directly provide cryptocurrency-related services. By framing the statement as an immediate and comprehensive policy shift, Rietveld positioned the development as a confirmation of broader institutional adoption.
The video attached to the post shows Senator Lummis explaining that banks can serve customers using both fiat currencies, such as the U.S. dollar, and digital assets like Bitcoin. She stated that this evolution is expected to contribute to building a “21st century financial services industry,” indicating a long-term transformation of financial infrastructure rather than a sudden regulatory overhaul.
WOOOOOOOOOOAAAAAHHHHH!!!!
SENATOR LUMMIS ANNOUNCED LIVE THAT ALL BANKS WILL NOW BE ABLE TO OFFER BITCOIN, #XRP AND ALL DIGITAL ASSETS!!
ITS HAPPENING! 🚀
— Levi | Crypto Crusaders (@LeviRietveld) April 3, 2026
Needed Clarification
After the clip went viral, BitcoinWorld Media issued a clarification to provide additional context. The outlet explained that the senator’s remarks were made during a March 4 CNBC interview, which focused on Kraken’s approval to obtain a Federal Reserve master account. This development marked a notable milestone as it allowed a crypto firm to access federal payment systems.
BitcoinWorld Media emphasized that Senator Lummis did not declare that all banks would immediately begin offering Bitcoin, XRP, or other digital assets.
The outlet also noted that XRP was not mentioned in her statement. Instead, her comments described a broader regulatory direction where banks integrate digital asset services alongside traditional offerings.
The clarification further indicated that Lummis’ remarks should be understood as part of an ongoing legislative and regulatory process. Her proposals, expected to be introduced in April, aimed at establishing a framework that supports the coexistence of digital assets and conventional banking services.
Context and Implications for the Financial Sector
The discussion reflects a growing alignment between policymakers and financial institutions regarding digital asset integration. While Rietveld’s post presents the development as an immediate shift, Senator Lummis’s message points to gradual progress driven by regulatory approvals and legislative initiatives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Midterm Elections, How Does the Market View Today
The outcome of the US midterm elections, with the Democratic Party winning the House of Representatives, has already been priced in by the market. The real variable is the Senate—Democrats need a net gain of four seats. The most probable scenario, a "Democratic sweep," would actually be the least favorable for the stock market. Bank of America considers it a risk event that could cause a drop of over 10%. The first signal will be seen at 8:30 AM Beijing time on November 4th when the votes in Ohio are counted; votes from Texas, Michigan, Kansas, Iowa, and Nebraska will be revealed starting at 10 AM.
Crypto Sentiment Hits Extreme Lows as Open Interest Surges: 5 Altcoins to Accumulate Before the Market Turns
Not Following Intel's Footsteps! AMD's Q3 Revenue Surges 45% Beating Expectations, Data Center Revenue Nearly Doubles, Q4 Guidance Accelerates to a New High | Earnings Report Insights
Q3 AMD revenue increased by 15.5% from the record set in Q2, with EPS up 74% year-on-year; client revenue grew 7% year-on-year, below expectations, gaming revenue exceeded expectations but dropped 40% year-on-year, and embedded revenue surpassed expectations with a 29% increase. Free cash flow fell 64% to $550 million, far below expectations, mainly due to inventory climbing nearly fourfold to $3 billion. Q4 revenue guidance midpoint is up 66% year-on-year to $17 billion, $700 million higher than analyst expectations and nearly 10% higher than Intel’s guidance for the same period. The CEO stated that with the ramp-up of the Helios system and Venice CPU, growth is expected to accelerate further in Q4. After-hours stock price once surged nearly 10%.
Booking (BKNG.US) Q3 total bookings reach $54.5 billion, exceeding expectations; adjusted EPS increases by 17%. Q4 guidance turns cautious due to Middle East situation.
Booking Holdings (BKNG.US), the world's largest online travel company, released its Q3 2026 earnings after the US stock market closed on Tuesday. Total bookings, room nights, and adjusted profitability indicators all exceeded market expectations for the quarter, with adjusted earnings per share surging by 17%.
Crypto prices
More
