Investing.com — U.S. Sen. Cynthia Lummis of Wyoming has been appointed chair of the Senate Digital Asset Banking Subcommittee. The announcement signifies her growing role in shaping the country's policy regarding digital assets, including cryptocurrencies such as .
In a recent statement, Lummis expressed a commitment to developing a comprehensive legal framework for digital assets. He cited the importance of these assets in financial innovation and the need for the United States to maintain its global leadership position in this field.
“Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress must urgently pass bipartisan legislation that establishes a comprehensive legal framework for digital assets. We need to strengthen the US dollar with strategic Bitcoin reserves,” Lummis said.
She also thanked her colleagues for their confidence in her as chair of this historic subcommittee. Lummis also emphasized his hopes to bring bipartisan legislation to President Trump's desk this year aimed at securing the nation's fiscal future.
In this new role, Mr. Lummis will influence the direction of digital asset regulation in the United States. Her focus is expected to be on urgently establishing a legal framework for digital assets and strengthening the US dollar with strategic Bitcoin reserves.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
