Together with the recent Pro-Crypt administration in the industry, it begins the long-awaited change of approach in the scope of regulations and resources to develop the sector. After the announcement of the first US Senate Banking subcommittee related to cryptographic, Senator Cynthia Lummis revealed the digital assets of “Dream Team”.
Double -sided digital asset subcommittee
On Monday, the US Senator Cynthia Lummis announced members of the recently created Senate Subcommittee for baking digital assets, also composed of four legislators from the Democratic Party and four from the Republican party.
Senator Lummis common Its excitement X, calling members “Dream Dream Dream Dream”. According to post, the list includes republican senators Thom Tillis, Bill Hagerty, Dave McCormick and Bernie Moreno; Democratic senators of Ruben Gallo, Tina Smith, Mark Warner and Chris Van Hollen also join the subcommittee.
memebers of the Senate Banking Subcommittee of Digital Assets. Source: Senator Lummis on X
Last week, the American Senate Banking Committee, headed by Senator Tim Scott, created the first digital asset subcommittee in history, appointing the Senator of Pro-Cryptic Lummis as chairman.
The subcommittee will focus on the adoption of bilateral digital regulations “promoting responsible innovations and protects consumers.” This includes the market structure, Stablecouins and the Bitcoin strategic reserve (SBR).
In addition, he focuses on conducting “solid supervision over federal financial authorities to make sure that these agencies follow the law” to prevent the “Dhokepite 2.0” operation from repeating.
After her appointment, Lummis stated that “this year she could not pamper bilateral legislation on the desk of President Trump, which protects our financial future.”
Was the “team A” Pro-Crypto created?
Despite some members expressing a pro-digit attitude, other members of the subcommittee shared a less genial look at the industry. Some community members expressed concern about those senators who have criticized the industry for years.
According to the Super Politic Action Committee (PAC) stands with Crypto (SWC) rankingsSenators Smith, Warner and Van Hollen are “strongly against” or “a bit against” crypto.
Last year, three democratic senators voted against the realization of the Bulletin of the Securities and Stock Exchange Commission (SEC) 121 (SAB 121), previously considered exaggerated regulating by the American supervisory body.
For example, in 2022, Smith joined the senators Elizabeth Warren and Richard Durbin in an open -fledged launch of Bitcoin 401 (K), calling BTC “unstable, non -flat and speculative resource.” Senators Smith and Van Hollen also co -financed the Act on Elizabeth Warren’s digital assembly from 2023.
Nevertheless, it is worth noting that five out of eight members of the subcommittee “strongly supports” or “slightly supports” the industry, according to the SWC ranking, and Crypto Pacs supported McCormicka and Moreno during their campaign.
The community positively received the “Dream Team” subcommittee, some call it “team A”. The founder of Michael Saylor, the founder of Michael Saylor, replied under the post: “The key to success is the appropriate framework of digital resources.”
It is expected that a subcommittee based on digital assets will work for better, clearer and more genial cryptocurrency regulations, which balances innovation and supervision.
Bitcoin trades at $102,596 in the one-week chart. Source: BTCUSDT on TradingView
A distinguished painting with unmplash.com, chart from tradingview.com
