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Pro-Bitcoin Wyoming Republican Senator Cynthia Lummis has been named the first-ever chair of a new Senate panel devoted to digital assets.
The Senate Banking Committee panel will focus on passing bipartisan legislation that boosts the industry while protecting investors.
Lummis says there will be a specific focus on market structure, stablecoins and a strategic Bitcoin reserve.
“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.
I am humbled my colleagues have placed their trust in me to chair this historic subcommittee and I look forward to shepherding bipartisan legislation to President Trump’s desk this year that secures our financial future.”
The panel will also monitor Federal regulators to ensure they are following the law and that innocent participants are not de-banked without proper cause – a practice allegedly carried out by officials at the Federal Deposit Insurance Corporation (FDIC) during the Biden administration.
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