Cynthia Lummis Unveils Senate Banking Subcommittee on Digital Assets Members
Senator Cynthia Lummis has been appointed as the leader of the Senate Banking Subcommittee on Digital Assets. She announced the 8-member team, which includes Senators Thom Tillis, Bill Hagerty, Dave McCormick, Bernie Moreno, Ruben Gallego, Tina Smith, Mark Warner, and Chris Van Hollen.
The subcommittee aims to:
- Pass bipartisan digital asset legislation for responsible innovations and consumer protection
- Establish a strategic Bitcoin reserve to address the national debt exceeding $35 trillion
- Oversee federal financial regulators to ensure compliance with laws
President Donald Trump supports a pro-digital asset agenda, reversing strict regulations from the Biden administration. Michael Saylor, co-founder of MicroStrategy Inc., anticipates significant growth in the crypto market, projecting an increase from $3 trillion to $590 trillion. He emphasizes the need for clear regulatory frameworks to attract institutional investors.