Senator Cynthia Lummis has been appointed chair of the Senate Banking Subcommittee on Digital Assets, a newly established body aimed at passing bipartisan legislation for a comprehensive legal framework for digital assets and strengthening the US dollar with a strategic bitcoin reserve. The subcommittee, created by Republicans after gaining control of the Senate, aligns with the party's focus on crypto legislation and supports President Trump's campaign pledge to position America as a global crypto hub. It is expected to oversee matters related to digital assets, blockchain technology, and their interaction with banking and financial regulations.



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