Bitcoin-touting Senator Lummis appointed to Banking Committee

Regulation

The most vocally pro-crypto Senator in the U.S. will join the committee responsible for the nation’s financial regulation.

On Wednesday night, Senator Lummis’ team told Cointelegraph that Lummis had received her committee assignments for the 117th congress.

The freshman republican from Wyoming will take her place at three committees: banking, environment, and commerce. The Banking Committee is the Senate’s front line for financial legislation and has hosted hearings with Facebook’s leadership over the Libra stablecoin, as well as, more recently, prospects for a digital dollar.

In a press announcement, Lummis noted her intention of using the appointment to the banking committee to advance digital asset legislation.

“Wyoming has been leading the way on financial innovation over the last several years. Through my role on the Banking Committee, I hope to shine a light on many of these pioneering efforts and work with federal regulators to ensure that regulation of digital assets are structured to encourage innovation, instead of stifling it.”

Lummis, who joined the Senate as of last month, is vocally pro-crypto. In a recent appearance on Anthony Pompliano’s podcast, she expressed her intention to launch a Financial Innovation Caucus. 

While the House of Representatives, especially the Financial Services Committee, has long featured many members interested in cryptocurrencies and even a Blockchain Caucus, Lummis is the first Senator to be so publicly engaged in the industry.

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