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Senator Cynthia Lummis has been appointed as the first chair of the Senate Banking Subcommittee on Digital Assets, focusing on regulatory frameworks for blockchain and crypto in the US. Lummis, a Bitcoin advocate, aims to establish a legal framework for digital assets and a national Bitcoin reserve. The bipartisan subcommittee will prioritize market structure, stablecoins, and consumer protections. Industry experts and lawmakers are optimistic about the potential impact of this new development.
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