U.S. Senate to form a new subcommittee on cryptocurrencies, led by Senator Cynthia Lummis.
The U.S. Senate Banking Committee plans to establish a new subcommittee focused on cryptocurrencies, likely to be headed by pro-crypto Senator Cynthia Lummis. This follows the House's crypto subcommittee created in 2023. The subcommittee aims to handle crypto-related legislation and will include Republican members such as Tim Scott and Bernie Moreno. In the House, Rep. French Hill has appointed new leaders for digital asset regulation, signaling a growing bipartisan effort to develop a regulatory framework for cryptocurrencies and financial technology.
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