Wyoming Senator Cynthia Lummis is reportedly being tapped to lead a new subcommittee focusing on digital assets.
According to FOX Business, this would be an offshoot of the Senate Banking Committee. It has a new chairman in the form of South Carolina’s Tim Scott, who has previously said “crypto has the potential to democratize the financial world.”
Scott recently held a meeting with Donald Trump’s incoming crypto czar David Sacks, and appeared with Lummis at a panel of the Wyoming Blockchain Symposium last September.
At the time, he had said: “Wouldn’t it be kind of cool if we had a subcommittee on the banking committee that focuses on the industry, so that we bring more light to the conversation, more hearings on the industry, so we get things done faster?”
Such a subcommittee already exists in the larger House of Representatives, which is also undergoing a leadership change.
On Thursday, it was announced that Wisconsin’s Bryan
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Author: Connor Sephton
