U.S. Senator Cynthia Lummis has declared that digital assets are the future, emphasizing the urgent need for the U.S. to adopt these technologies or risk falling behind. Senator Lummis believes clear regulations and a proactive approach can secure America’s position as a global leader in financial innovation. She advocates for this stance after raising concerns regarding SEC restrictions on ETP staking within digital assets. Lummis argues that these limitations impact investment potential and calls for the U.S. to embrace cryptocurrency to remain competitive globally. This view is reflected by her appointment as Chair of the Senate Banking Subcommittee on Digital Assets, tasked with overseeing federal crypto regulations, preventing potential pitfalls like Operation Chokepoint 2.0. Notably, Lummis supports the GENIUS Act, a groundbreaking bill that would require stablecoin issuers to freeze and recover coins upon government order. This move aims to create a level playing field for financial institutions and promote ethical practices in the sector.