Senator Lummis chosen to chair Senate Subcommittee on Digital Assets
The Wyoming senator introduced the Strategic Bitcoin Reserve Act to the US Senate in July 2024, following the Bitcoin 2024 conference.
Wyoming Senator Cynthia Lummis has been appointed by Senator Rick Scott, the head of the Senate Banking Committee, to chair the Senate Banking Subcommittee on Digital Assets.
According to Lummis, the subcommittee has two primary objectives: to pass comprehensive digital asset legislation and to conduct federal oversight over regulatory agencies to protect against overreach.
Lummis said the digital asset legislation would include a market structure bill, clear stablecoin regulations and provisions for a Bitcoin strategic reserve. Lummis wrote:
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Author: Vince Quill
