Wyoming Senator Cynthia Lummis to Lead Senate Digital Assets Subcommittee
- Senator Cynthia Lummis is set to lead a new subcommittee on digital assets, an offshoot of the Senate Banking Committee.
- The committee’s new chairman, Tim Scott, supports the potential of cryptocurrency to democratize finance.
- Wisconsin’s Bryan Steil will chair the House Subcommittee on Digital Assets, Financial Technology and AI.
- Lummis has proposed the BITCOIN Act for a strategic Bitcoin reserve of 1 million BTC over five years.
The appointment of Lummis and Steil to lead crypto-focused subcommittees reflects growing legislative interest in digital assets. Lummis’ BITCOIN Act proposes significant investment in Bitcoin without taxpayer funding.
