Senator Cynthia Lummis of Wyoming, appointed by Senate Banking Committee Chair Tim Scott, will lead the eight-member bipartisan team dedicated to shaping digital asset policies. The committee includes:
This formation highlights the increasing government interest in regulating cryptocurrencies while ensuring innovation in the sector.
The crypto landscape in the U.S. is witnessing a major transformation. While former President Biden’s administration imposed strict regulatory measures like SAB 121 and lawsuits against crypto firms, the Trump administration is taking a different approach.
President Donald Trump’s recent executive orders emphasize comprehensive crypto regulations while also proposing a national Bitcoin reserve. This policy shift aims to balance regulatory oversight with fostering innovation in the digital asset space.
As the subcommittee begins its work, the crypto community awaits new regulations that could shape the future of digital assets in the U.S.