Probably the most vocally pro-crypto Senator within the U.S. will be a part of the committee chargeable for the nation’s monetary regulation.
On Wednesday evening, Senator Lummis’ workforce instructed Cointelegraph that Lummis had obtained her committee assignments for the 117th congress.
The freshman republican from Wyoming will take her place at three committees: banking, surroundings, 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 of utilizing the appointment to the banking committee to advance digital asset laws.
“Wyoming has been main the best way on monetary innovation during the last a number of years. Via my function on the Banking Committee, I hope to shine a lightweight 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 a substitute of stifling it.”
Lummis, who joined the Senate as of final month, is vocally pro-crypto. In a latest 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 keen on cryptocurrencies and even a Blockchain Caucus, Lummis is the primary Senator to be so publicly engaged within the trade.