• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cynthia Lummis and Her New Role in Digital Asset Regulation

user avatar

by Giorgi Kostiuk

2 months ago


Cynthia Lummis was appointed as chairperson of the Senate's Digital Assets Subcommittee, highlighting the government's increasing focus on this field. One of her ambitious initiatives is the creation of a Strategic Bitcoin Reserve.

Cynthia Lummis and the Digital Assets Subcommittee

Lummis has long supported cryptocurrencies and blockchain technology. The new subcommittee will manage oversight of digital assets and their integration into the US financial infrastructure.

Strategic Bitcoin Reserve Idea

One of Lummis's key proposals is the creation of a Strategic Bitcoin Reserve. This initiative suggests that the US Treasury purchase and hold Bitcoin as an additional financial instrument for managing inflation risks.

Bipartisan Efforts in Crypto Policy

Lummis advocates for a bipartisan approach in crafting industry rules, fostering innovation while protecting investors. She believes clear rules will help the US compete in the global market.

The work of Lummis's subcommittee and the newly formed SEC task force illustrate a serious governmental approach to regulating digital assets, potentially strengthening the US's position as a global financial leader.

0

Share

Other news

Chinese Tech Giants Place $16 Billion Order for Nvidia Chips

ByteDance, Alibaba, and Tencent ordered Nvidia H20 chips worth $16 billion for AI programs.

user avatarGiorgi Kostiuk

a minute ago

Enhancing NFTs: Jupiter Exchange Acquires Drip to Strengthen Community

Jupiter Exchange acquires Drip to integrate NFTs and strengthen community, supporting decentralized finance development.

user avatarGiorgi Kostiuk

2 minutes ago

Fidelity and Grayscale Unveil Crypto Innovations for Long-Term Investors

Fidelity and Grayscale announce new cryptocurrency products aimed at long-term investors.

user avatarGiorgi Kostiuk

2 minutes ago

US Recession Risks: Crypto Market Under Threat

Analysis of US recession risks and their impact on the cryptocurrency market.

user avatarGiorgi Kostiuk

2 minutes ago

SUI Price Stands Firm at Key Support: Trend Reversal Ahead?

SUI price remains above $2.10–$2.20 support zone despite the token unlock, signaling a possible trend reversal above $2.52.

user avatarGiorgi Kostiuk

3 minutes ago

Cryptocurrency Breakout Signals: Bitcoin and Solana Rise as New Player MAGACOINFINANCE Gains Momentum

Crypto market heats up, Bitcoin and Solana rise, while MAGACOINFINANCE attracts attention as a new asset with breakout potential.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.