Senator Cynthia Lummis (R-WY), known as the “Crypto Senator,” has been named Chair of the Senate Banking Subcommittee on Digital Assets.
What Happened: This appointment signals a renewed push by the United States to establish clear regulatory frameworks for digital assets while advancing initiatives like a U.S. strategic Bitcoin (CRYPTO: BTC) reserve, an idea championed by Lummis and supported by President Donald Trump.
“Digital assets are the future,” Lummis said, emphasizing that the U.S. must act swiftly to remain a global leader in financial innovation.
“Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic Bitcoin reserve.”
Why It Matters: This development follows a notable turnaround in Trump’s approach to cryptocurrency.
During his first term as president, Trump was a …
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