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What will be the outcome of the first major vote on crypto legislation by the Senate Digital Assets Subcommittee in 2025?
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Tim Scott•House Financial Services Committee•Cynthia Lummis•Senate Republicans•Donald Trump•America•House
Resolution / Starting Odds
Passed • 33%
Failed • 33%
Postponed • 34%
Official voting records from the U.S. Senate or credible news outlets reporting on the vote outcome
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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Passed with Majority • 25%
Passed Unanimously • 25%
Failed to Pass • 25%
Postponed • 25%
Passed • 25%
Failed • 25%
Postponed • 25%
Withdrawn • 25%
Taxation of Digital Assets • 25%
International Cooperation Frameworks • 25%
Market Regulation and Oversight • 25%
Consumer Protection Measures • 25%
International Competitiveness • 25%
Consumer Protection • 25%
Market Stability • 25%
Innovation and Growth • 25%
SEC leads • 25%
Joint leadership • 25%
No change • 25%
CFTC leads • 25%