Foresight News reports, according to Fox Business reporter Eleanor Terrett, that the U.S. Senate Banking Committee may establish its first cryptocurrency subcommittee. This subcommittee will reference the Republican Financial Services Subcommittee established by Patrick McHenry in 2023. A Senate aide confirmed that Senator Cynthia Lummis has been preliminarily selected as the subcommittee chair, pending a vote by the full committee. The vote to approve Cynthia Lummis and new Republican and Democratic members (still under consideration) may take place next Thursday.