Trump to launch first senate crypto subcommittee
Trump’s administration plans to create the first Senate crypto subcommittee, chaired by pro-crypto Senator Cynthia Lummis, to shape industry regulations.
The U.S. Senate Banking Committee, led by Senator Tim Scott, is preparing to create the first-ever subcommittee dedicated to cryptocurrency. This unit will be modeled on the House Financial Services Committee led by Patrick McHenry in 2023. Reports indicate that Republican Senator Cynthia Lummis of Wyoming will chair the new subcommittee, with members to be chosen through a committee vote soon.
This move is seen as a significant step forward for U.S. crypto regulations, aligning with the Trump administration’s pro-crypto stance. With the inauguration just two…
