Republican Senator Cynthia Lummis predicts a positive outlook for the crypto industry if the Senate shifts to Republican control.
Lummis emphasizes the need for a robust digital asset framework to support the US economy and criticizes the SEC's approach towards enforcement actions rather than clear regulatory guidance.
She questions SEC Chair Gary Gensler's future and highlights the potential benefits of a Republican-controlled Senate for digital assets.
Lummis has also proposed legislation to establish a "Strategic Bitcoin Reserve" program, aiming to acquire one million Bitcoins over five years to reinforce the value of the US dollar.