Senator Cynthia Lummis, known as a strong supporter of Bitcoin and the crypto sector, has announced that she will be the new chair of the Senate Banking Subcommittee on Digital Assets.
Through her official X account, Lummis expressed her enthusiasm about this appointment. In her statement, she emphasized that digital assets are the future and that the United States must continue to play a leading role in financial innovation.
Strategic Bitcoin Reserve
Lummis has long been known for its plans to establish a Strategic Bitcoin Reserve for the United States. This idea aims to incorporate Bitcoin as a strategic asset, similar to gold reserves, to strengthen the US position in the global financial system.
She argues that such an initiative would not only contribute to the stability of the US dollar, but also send a signal that the US fully supports the growing role of digital assets.
Impact on the Bitcoin price
Lummis’ appointment and her advocacy for a strategic Bitcoin reserve could have major consequences for the crypto market. If the US decides to adopt Bitcoin as a strategic reserve asset, it could generate strong institutional demand and pave the way for further mainstream adoption. This could send the Bitcoin price rising significantly as confidence in the long-term value of the cryptocurrency is further strengthened.
Bipartisan legislation on the way
Lummis also emphasized that her priority is developing one bipartisan legal framework for digital assets. This framework must provide clarity and stability, so that both companies and investors have confidence in the regulations surrounding cryptocurrencies.
With her appointment as chair of this subcommittee, the future of crypto in the US appears to be taking a new, potentially promising turn. Proponents of Bitcoin and other digital assets are closely monitoring these developments, while the crypto community remains optimistic about the potential effects on the market.
Claim €10 free today and pay no trading fees on the first €10,000!
Grab this unique opportunity with Newsbit and Bitvavo by creating an account now via the button below. Deposit just €10 and immediately receive €10 free. In addition, you can trade your first €10,000 in trades for 7 days without any fees. Start today and benefit immediately from the growing popularity of crypto!
Create your account and claim your €10 free.
Don’t miss this opportunity to benefit directly from the growing popularity of Crypto!
Source: https://newsbit.nl/senator-cynthia-lummis-benoemd-tot-voorzitter-van-de-senaatscommissie-voor-digitale-activa/
