Bitcoin-touting Senator Lummis appointed to Banking Committee


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Probably the most vocally pro-crypto Senator within the U.S. will be a part of the committee answerable for the nation’s monetary regulation.

On Wednesday evening, Senator Lummis’s group instructed Cointelegraph that she had acquired her committee assignments for the 117th congress.

The freshman Republican from Wyoming will take her place on three committees: banking, atmosphere, and commerce. The Banking Committee is the Senate’s entrance line for monetary laws and has hosted hearings with Fb’s management over the Libra stablecoin, in addition to, extra lately, prospects for a digital greenback.

In a press announcement, Lummis famous her intention to make use of the appointment to the banking committee to advance digital asset laws.

“Wyoming has been main the way in which on monetary innovation during the last a number of years. By way of my position on the Banking Committee, I hope to shine a light-weight on many of those pioneering efforts and work with federal regulators to make sure that regulation of digital belongings are structured to encourage innovation, as an alternative of stifling it.”

Lummis, who joined the Senate as of final month, is vocally pro-crypto. In a current look on Anthony Pompliano’s podcast, she expressed her intention to launch a Monetary Innovation Caucus. 

Whereas the Home of Representatives, particularly the Monetary Providers Committee, has lengthy featured many members enthusiastic about cryptocurrencies and even a Blockchain Caucus, Lummis is the primary Senator to be so publicly engaged within the business.