The US Senate Banking Committee aims to establish its first crypto subcommittee. Senator Tim Scott prioritizes this initiative, wanting to model it after the House Financial Services Committee. Senator Cynthia Lummis could chair the subcommittee, pending her approval vote. It reflects a positive shift for the crypto industry, amid Trump’s vision for crypto-friendly regulations.

The potential appointment of Summer Mersinger as the CFTC chair aligns with pro-crypto efforts. Mersinger, a current Commissioner, is considered a promising candidate to succeed Rostin Behnam. This move supports Trump’s agenda to promote crypto, as Republicans gain full governmental control. Mersinger’s experience positions her as a favorable choice for effective leadership.