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Landmark Adoption of Crypto Subcommittee, Advisory Council, and Corporate Reserves Spark Hope

Are we witnessing the rise of an institutional foundation for crypto to flourish for years to come?

Author

Austin Hodge
January 10, 2025 • Read Time: 12 minutes

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In a move certain to capture the attention of crypto enthusiasts and skeptics alike, the Senate Banking Committee is taking decisive action following the Republican sweep in the November 2024 elections, now fully setting its sights on digital assets.

Empowered by a unified government under Trump, the GOP is making a bold play to streamline crypto legislation with its first subcommittee dedicated to digital currencies, helmed by Sen. Cynthia Lummis. This development hints at a continued shift toward a more structured and potentially crypto-friendly regulatory landscape. Is it the dawn of a new era for stablecoins and even crypto reserves? Or just another chapter in the ongoing saga of crypto regulation?

Let's dive in!

  • Senate Banking Committee to introduce first digital assets subcommittee, led by Cynthia Lummis, following Republican Senate takeover. — Read More

  • Trump's administration plans a crypto advisory council of 24 industry leaders, including notable crypto executives. — Read More

  • China's tech-savvy youth continue to drive global demand for blockchain apps despite strict regulatory barriers. — Read More

  • Crypto market falls 8.3% as Garanti BBVA Kripto partners with Bitstamp, Bitget integrates ZEN for bank deposits, and Illuvium launches AI-powered MMORPG. — Read More

  • Mastercard extends its Crypto Credential solution to streamline crypto transactions in the UAE and Kazakhstan. — Read More

  • Only 35% of advisors can invest in crypto for client accounts, a Bitwise survey finds, despite the growth of spot Bitcoin and Ethereum ETFs. — Read More

  • Sonic Labs now supports Circle’s bridged USDC through the Sonic Gateway, simplifying liquidity and token operations. — Read More

  • BitMEX launches feature allowing multi-currency trading without asset conversion, aims to enhance capital efficiency. — Read More

  • Standard Chartered sets up a Luxembourg-based entity for crypto services following EU MiCA regulations. — Read More

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