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What will be the focus of the first major public statement by the Senate Digital Assets Subcommittee on cryptocurrency by June 30, 2025?
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Tim Scott•House Financial Services Committee•Cynthia Lummis•Senate Republicans•Donald Trump•America•House
Resolution / Starting Odds
Regulatory Clarity • 25%
Consumer Protection • 25%
Innovation Encouragement • 25%
Other • 25%
Official statements from the U.S. Senate or major news outlets covering the statement
Story
Senate Republicans Establish Digital Assets Subcommittee, Lummis to Chair, Focusing on Crypto Legislation
Jan 9, 2025, 09:56 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, mirroring a similar initiative by the House Financial Services Committee in 2023. Senator Cynthia Lummis has been selected to chair this new subcommittee, pending an approval vote. This move is seen as a commitment by Senate Republicans to prioritize cryptocurrency legislation and policy advancement, aligning with President-elect Donald Trump's campaign promise to make America the global crypto epicenter. The subcommittee aims to emulate the success of the House's digital assets subcommittee, which passed the 'FIT21' bill last year, a significant piece of crypto legislation.
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Consumer Protection Measures • 25%
International Cooperation Frameworks • 25%
Market Regulation and Oversight • 25%
Taxation of Digital Assets • 25%
Innovation and Growth • 25%
Market Stability • 25%
International Competitiveness • 25%
Consumer Protection • 25%
Yes • 50%
No • 50%
Failed to Pass • 25%
Postponed • 25%
Passed Unanimously • 25%
Passed with Majority • 25%
Other major policy • 25%
New tax policy on digital assets • 25%
No major announcement • 25%
Regulatory framework for cryptocurrencies • 25%
SEC leads • 25%
CFTC leads • 25%
No change • 25%
Joint leadership • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
