Digital Assets: Lummis Leads Senate Subcommittee

Senator Cynthia Lummis Chairs New Senate Banking Subcommittee on Digital Assets

• Senator Cynthia Lummis, a Bitcoin advocate, appointed chair of the Senate Banking Subcommittee on Digital Assets.
• The subcommittee is the first oversight body dedicated to digital assets under the Senate Banking Committee.
• It aims to advance bipartisan legislation for a comprehensive digital asset legal framework.
• The subcommittee will oversee federal financial regulators and prevent issues like “Operation Chokepoint 2.0.”
• Lummis introduced the BITCOIN Act, proposing federal acquisition of 1 million Bitcoins over five years.

The newly formed Senate Banking Subcommittee on Digital Assets, chaired by Senator Cynthia Lummis, seeks to establish a comprehensive legal framework for digital assets while overseeing federal financial regulators. The BITCOIN Act proposes significant Bitcoin acquisitions by the federal government.