The US Senate Banking Committee is preparing to establish its first crypto subcommittee. This development is seen as a positive step for the crypto industry. The new chairman of the committee, Senator Tim Scott, is taking this initiative as a priority and aims to follow the model of the House Financial Services Committee. It is stated that Senator Cynthia Lummis has been suggested to be the chairman of the subcommittee.

On the other hand, CFTC Commissioner Summer Mersinger stands out as the new head of the agency. Mersinger is known for her crypto-friendly comments and is likely to receive Senate confirmation. What do these developments mean for crypto regulations? We are waiting for your comments.