U.S. Senate Aims for Comprehensive Digital Asset Framework by Year-End

According to Odaily, the U.S. Senate's Digital Assets Banking Subcommittee held its inaugural meeting on Wednesday, where Senator Cynthia Lummis announced that bipartisan lawmakers supporting cryptocurrency plan to pass a comprehensive digital asset market framework by the end of this year. This timeline represents a delay of several months compared to the initial schedule proposed by Republican lawmakers. Lummis highlighted that many senators are still working to understand concepts such as Bitcoin, digital assets, and stablecoins. Although U.S. President Donald Trump had promised to advance digital asset reforms within 100 days, the meeting's discussions shifted focus to existing securities regulations and stablecoin legislation.