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U.S. Senate Banking Committee Sets Hearing on Crypto Legislation Next Week

The congressional committee that was a roadblock in the previous session has scheduled a Feb. 26 hearing on "bipartisan legislative frameworks" for crypto.

By Jesse Hamilton|Edited by Stephen Alpher
Updated Feb 21, 2025, 6:01 p.m. Published Feb 21, 2025, 4:37 p.m.
FastNews (CoinDesk)

What to know:

The U.S. Senate Banking Committee has scheduled a hearing to discuss bipartisan digital assets legislation next week, the panel announced.

This Senate committee was the one that became a bottleneck in the previous congressional session, but it's now run by Senator Tim Scott, a South Carolina Republican who supports crypto.

The hearing will feature testimony from witnesses including lawyers from Kraken and Lightspark.

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Crypto's closest ally in Congress, Sen. Lummis, is retiring next year

By Jesse Hamilton|Edited by Nikhilesh De
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The most tireless advocate of digital assets issues in the U.S. Senate said she's grown too tired to keep at it, leaving her Republican seat in play next year.

What to know:

  • U.S. Senator Cynthia Lummis, a dedicated friend to crypto causes, has decided to exit the Senate after her first term.
  • Lummis said in a statement that she doesn't have another six years in the tank, but she intends to deliver major legislation to President Donald Trump's desk next year.
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