U.S. Senate Sets Target for Comprehensive Digital Asset Regulation by Year-End

The U.S. Senate’s Digital Assets Banking Subcommittee kicked off its inaugural meeting on Wednesday, led by Senator Cynthia Lummis who announced a bipartisan plan to enact a comprehensive framework for digital assets by the end of this year. This timeline marks a shift from earlier Republican proposals and reflects an extended period for lawmakers to grasp key concepts like Bitcoin, stablecoins, and blockchain technology. Although former President Donald Trump had pledged to expedite digital asset reforms within 100 days, discussions shifted focus toward existing securities regulations and stablecoin legislation during the meeting.