Senate Banking Committee to Establish First-Ever Crypto Subcommittee Led by Senator Lummis, Pending Vote

Jan 9, 2025, 09:43 PM

The U.S. Senate Banking Committee, under the leadership of Senator Tim Scott, is set to establish its first-ever subcommittee dedicated to digital assets and cryptocurrency. This move mirrors a similar subcommittee established by Patrick McHenry in the House Financial Services Committee in 2023. Senator Cynthia Lummis has been appointed to chair this new Senate subcommittee, pending a vote. The formation of this subcommittee is seen as a step towards positioning the U.S. as a global leader in digital finance and technological innovation.