Investing.com -- U.S. Senator Cynthia Lummis from Wyoming has been appointed to chair the Senate Banking Subcommittee on Digital Assets. This announcement signifies her growing role in shaping the country's policies concerning digital assets, including cryptocurrencies like Bitcoin.
In a recent statement, Lummis expressed her commitment to the development of a comprehensive legal framework for digital assets. She cited the significance of these assets in financial innovation and the need for the U.S. to maintain its global leadership position in this domain.
"Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establish a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic Bitcoin reserve," said Lummis.
She further conveyed her gratitude for the trust her colleagues have placed in her to chair this historic subcommittee. Lummis also highlighted her anticipation for leading bipartisan legislation to President Trump's desk this year, aimed at securing the nation's financial future.
With this new role, Lummis is set to influence the direction of digital asset regulation in the United States. Her focus is expected to be on the urgent establishment of a legal framework for digital assets and strengthening the U.S. dollar with a strategic Bitcoin reserve.
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