Odaily Planet Daily reported that John Thune, a Republican senator from South Dakota, was elected Senate Majority Leader in 2025. Thune currently serves on the Senate Finance Committee, which is responsible for taxation and revenue. He co-sponsored a 2022 cryptocurrency bill called the Digital Commodity Consumer Protection Act (DCCPA) with New Jersey Democratic Senator Cory Booker, Michigan Democratic Senator Debbie Stabenow, and Arkansas Republican Senator John Boozman, which aims to provide a legal definition for digital commodities and bring their transactions under the supervision of the Commodity Futures Trading Commission (CFTC). In addition, he also supports the repeal of accounting rules SAB 121 for crypto assets and promotes regulatory reforms in the crypto industry. Senate Majority Leader and New York Democratic Senator Chuck Schumer also voted in favor of the measure with several other Democrats, including New York Senator Cory Booker and Montana Senator Jon Tester. (The Block)