Senator Cynthia Lummis Appointed to Key Senate Committee on Crypto

Krutika Adani

Chair of Senate Banking Subcommittee on Digital Assets

Senator Cynthia Lummis was on Thursday appointed as the chair for the Senate Banking Subcommittee on Digital Assets.

What Does It Mean?

This means that Lummis could provide guidance and influence key laws on Bitcoin Reserve, Crypto Custody, Regulation and anything considering crypto in the Senate.

Role in Creating Strategic Crypto Stockpile

Lummis was a key proponent of the US Bitcoin Reserve also known as the Strategic National Stockpile of Digital Assets.

Push for Pro-Crypto Regulations

Lummis’s most significant role would be to guide the creation of pro-crypto laws via the Crypto Working Group headed by Whitehouse AI and Crypto Czar, David Sacks.

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