CRYPTO IS THE 'NEXT WONDER' OF THE WORLD SAYS U.S . SENATE BANKING CHAIR

Incoming U.S. Senate Banking Committee Chair, Senator Tim Scott, is extremely bullish on crypto, calling it the "next wonder of the world".

This statement marks a significant shift in tone from his predecessor, Senator Sherrod Brown, who had expressed concerns about cryptocurrency's potential risks.

Senator Scott's enthusiasm for crypto is expected to lead to more supportive legislation and regulation. He plans to create a digital assets subcommittee, which will focus on promoting innovation and growth in the crypto industry.

This development could have a positive impact on the crypto market, potentially leading to increased adoption and investment.

As the U.S. continues to shape its regulatory framework for crypto, Senator Scott's leadership may play a crucial role in shaping the industry's future.