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Senator Lummis To Lead Digital Assets Subcommittee, Bitcoin Reserve Confirmed?

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By CoinSurges

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Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve Bloomberg

The post Senator Lummis To Lead Digital Assets Subcommittee, Bitcoin Reserve Confirmed? appeared first on Coinpedia Fintech News

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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