Senator Cynthia Lummis of Wyoming, appointed as Chair by Senate Banking Committee Chairman Tim Scott, unveiled the eight members of the Digital Assets Subcommittee on Monday during the mid-New York session. Key Members The Digital Assets Subcommittee members include Senators Thom Tillis (North Carolina), Bill Hagerty (Tennessee), Dave McCormick (Pennsylvania), Bernie Moreno (Ohio), Ruben Gallego (Arizona), Tina Smith (Minnesota), Mark Warner (Virginia), and Chris Van Hollen (Maryland). This bipartisan group marks a milestone for the U.S. government in terms of their growing focus on effectively regulating digital assets and incorporating them into the broader financial ecosystem. Biden To Trump This development comes at a time of significant policy changes in the crypto sector. The administration under former President Biden introduced strict measures, including the controversial SAB 121 regulation and multiple lawsuits aimed at crypto companies. However, shifts under President Donald Trump, who was inaugurated last week, suggest a new approach. An executive order by the Trump administration calls for comprehensive regulatory frameworks and outlines plans for establishing a national Bitcoin reserve.
