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A First from the US for Cryptocurrencies: Names of the Fate Determining Committee are Becoming Clear - Coin Bulletin
The US Senate Banking Committee, led by Senator Tim Scott, is preparing to establish its first cryptocurrency subcommittee.
According to FOX Business reporter Eleanor Terrett, the U.S. Senate Banking Committee is preparing for Senator Cynthia Lummis, a crypto-friendly figure, to lead the newly formed digital assets subcommittee.
This step was considered as fulfilling a promise previously made by the new chairman of the committee.
Some Republican members of the Senate Banking Committee have selected subcommittee leaders and members "temporarily", but the confirmation of these names will be clarified after the committee vote.
It was stated that other crypto-friendly senators such as Bill Hagerty (R-Tenn.) and Bernie Moreno (R-Ohio) will also be included in the digital asset subcommittee led by Lummis.
Tim Scott, who is expected to take office as the new chairman of the Senate Banking Committee, stated in an announcement in August that he plans to establish a subcommittee focused on digital assets if he takes office.
However, the establishment of this subcommittee will also require a committee vote. Scott mentioned the following statements in his speech at the Wyoming Blockchain Symposium:
The leadership of the Banking Committee also plays a decisive role in bringing cryptocurrency-related bills to the agenda. The chairman of the committee is of great importance because he has the authority to control the funding of these bills.
Moreno, who also will be featured on the digital asset panel, won a victory against Brown in November and drew attention with his supportive stance on cryptocurrency.
Moreno had announced in an interview with Fox Business in June that he would lead the fight to defend cryptocurrency in the US Senate.