Senator Cynthia Lummis to Lead Push for Strategic Bitcoin Reserve
23.01.2025 18:16 1 min. read Kosta Gushterov
In a significant development for the U.S. cryptocurrency sector, Senator Cynthia Lummis has been appointed chair of the Senate Banking Subcommittee on Digital Assets.
Known for her staunch support of Bitcoin and blockchain technology, Lummis has emphasized the urgent need for legislative action to position the United States as a global leader in financial innovation.
Lummis announced her intention to push for bipartisan legislation that establishes a robust legal framework for digital assets. One of her key proposals includes the creation of a Strategic Bitcoin Reserve aimed at bolstering the U.S. dollar and ensuring the nation’s financial security in the evolving digital economy.
“Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress must act swiftly,” Lummis stated. “I am honored to lead this historic subcommittee and look forward to advancing bipartisan legislation that strengthens our financial future.”
As the chair of the newly formed subcommittee, Lummis will play a critical role in shaping policies that could define the U.S. approach to digital assets under President Trump’s administration. Her leadership is expected to accelerate efforts to establish clear regulations, fostering innovation while ensuring economic stability.
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