Congress’ New Digital Assets Chairs Are Crypto-Friendly
The incoming U.S. Senate will have its first-ever subcommittee on digital assets, chaired by longtime bitcoin advocate Cynitha Lummis (R-Wyo.). This will complement the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, which will be chaired in the new Congress by Bryan Steil (R-Wisc.). Both incoming chairs have a strong history of support for cryptocurrency.
Senator Lummis is most noted for her bill proposing a federal bitcoin reserve. The Boosting Innovation, Technology and Competitiveness through Optimized Investment (BITCOIN) Act, which she introduced last summer, would require the government to purchase one million bitcoin over a five-year…
