In a recent development, pro-crypto Senator Cynthia Lummis became the chairman of the Senate Banking Subcommittee on Digital Assets, as confirmed by herself on X (Formerly Twitter). Lummis is known for being a strong advocate for cryptocurrency and blockchain technology, often referred to as a “crypto-friendly” legislator.

She also added, “Digital assets are the future, and if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets and that strengthens the U.S. dollar with a strategic bitcoin reserve.”

While seeing her post on X (previously Twitter), Binance Ex-CEO CZ made a comment that “US Strategic Bitcoin Reserve, pretty much confirmed. “ He further added that crypto moving at crypto speed again.

The subcommittee is likely to focus on issues related to digital assets like cryptocurrencies and blockchain technology.

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