Senator Cynthia Lummis has been appointed to chair the Senate Banking Subcommittee on Digital Assets, the first Senate body dedicated to overseeing cryptocurrencies, blockchain technology, and how to regulate and connect them with the existent financial system.
The subcommittee was established under the Senate Banking Committee following the Republican takeover of the Senate, with Senator Tim Scott, the committee’s new chairman, selecting Lummis for the role.
Senator Lummis expressed her gratitude on X (formerly Twitter), stating:
Digital assets are the future, and if the United States wants 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.
Following the news, the Bitcoin price pushed to $105,752, a 1.0% increase in the last hour, and 1.8% from yesterday. The total crypto market cap today is $3.79 trillion, with minimal changes from yesterday, according to data from CoinGecko.
Read more: TRUMP Coin: Chainalysis Report Reveals that Over 77% of Holders See Minimal Gains
A new entrant on the UAE–Central Asia corridor seeks banking and infrastructure partners ahead of…
Unveiled at the Dubai AI Festival, the desktop-first platform lets businesses build, deploy and connect…
Dataline announced a $10.6 million funding round alongside the initial cohort of AI Data Launch…
Free-to-play meme coin trading is becoming a competitive experience where traders can sharpen their strategies,…
The plan to turn Dubai into a city people can play runs on bonuz LIFE…
Each service has its own terms; the prop service uses demo accounts and is not…