During a meeting of the U.S. Senate Banking Subcommittee on Digital Assets, Senator Cynthia Lummis stated that a group of bipartisan lawmakers aims to pass comprehensive crypto regulations by the end of the year, although this timeline is later than previously expected. The meeting focused on existing securities regulations and stablecoin bills, with less urgency being expressed to expedite reform efforts. The proposal to establish a Bitcoin stockpile in the U.S. Treasury has lost momentum, with little discussion on the subject during the meeting. While the Trump administration has made some commitments to the crypto community, such as pardoning Silk Road creator Ross Albright and appointing pro-crypto regulator Paul Atkins, the crypto market has experienced a decline in prices after reaching all-time highs. Bitcoin, Solana, and Ethereum have all seen double-digit losses in the past week.



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