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Trump to Launch First Senate Cryptocurrency Subcommittee Under Lummis Leadership

The US Senate Banking Committee is set to establish its first cryptocurrency subcommittee, chaired by Senator Cynthia Lummis, as part of a pro-crypto regulatory push under Trump's administration. This initiative aims to create clear regulations that balance consumer protection with innovation, following significant donations from major crypto firms to Trump's inaugural committee. With Gary Gensler resigning as SEC chair on inauguration day, the landscape for US crypto regulation appears promising for 2025.

sheila warren steps down as ceo of crypto council for innovation

Sheila Warren has stepped down as CEO of the Crypto Council for Innovation, transitioning to the role of Senior Global Policy Officer. Ji Kim will serve as acting CEO. Warren expressed optimism for a strong regulatory framework for cryptocurrency, especially with the upcoming Trump administration, which could enhance global crypto adoption. Meanwhile, SEC Chair Gary Gensler is set to depart in January 2025, with Trump nominating pro-crypto Paul Atkins as his replacement.
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