Senator Cynthia Lummis, a fervent defender of cryptocurrencies, has just taken the helm of the very first US Senate subcommittee devoted to digital assets. According to her, it is time to “strengthen the dollar with a strategic reserve of Bitcoin”.
Cynthia Lummis climbs the steps to adopt the strategic reserve of Bitcoin
Senator Cynthia Lummis has been named chair of the first-ever US Senate subcommittee dedicated to digital assetsan unprecedented initiative in the history of crypto regulation in the United States.
This appointment, confirmed this afternoon by the chairman of the Senate Banking Committee Tim Scott, marks a clear step in structuring a regulatory framework around cryptocurrencies and blockchain.
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With this appointment, the Subcommittee on Digital Assets, created in the context of the 119th session of Congress, sets 2 priorities:
- Pass bipartisan laws promoting responsible innovation in digital assets, while ensuring increased consumer protection. This includes topics such as market structure, stablecoins and the creation of a strategic Bitcoin reserve;
- Overseeing federal financial regulators to ensure that they respect the law, in particular by avoiding controversial initiatives such as the famous “Operation Chokepoint 2.0. » led by the Biden administration.
Cynthia Lummis, recognized as one of the most favorable figures for cryptocurrencies within the Senate, pays particular attention to Bitcoin. In November 2024, it was she who presented the BITCOIN Act billaimed at allowing the US government to acquire 1 million Bitcoins over a period of 5 yearsor approximately 5% of the total circulating supply.
This project could soon be discussed within the framework of the new subcommittee, according to the Republican senator:
Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress must urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets, while strengthening the US dollar through a strategic Bitcoin reserve.
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Coincidence of the calendar or not, Donald Trump declared at the same time that he wanted to make the United States “the world capital of artificial intelligence and crypto” during his speech at the World Economic Forum in Davos. It would seem that the path is gradually being paved in this direction for the American nation.
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Source: Senate
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