The Senate Committee on Banking, Housing and Urban Affairs has scheduled a crypto hearing next Wednesday to explore “bipartisan legislative frameworks” for the digital asset sector. The hearing’s witnesses will include Lewis Cohen, a crypto lawyer and partner at Cahill Gordon & Reindel LLP; Jonathan Jachym, Kraken’s deputy general counsel and global head of policy and government relations; and Jai Massari, Lightspark’s chief legal officer. Senator Tim Scott (R-SC), the Banking Committee’s new chair, previously stated that establishing a digital asset framework was one of his top legislative priorities for the 119th Congress.

“Crypto has the potential to democratize the financial world. I look forward to working with President Trump, David Sacks, and my colleagues in Congress to develop a regulatory framework for digital assets that encourages innovation here in the United States, not overseas.” Earlier this month, Scott announced the creation of a digital asset working group consisting of members from the Senate Banking Committee, the House Financial Services Committee, and the Senate and House Agriculture Committees.

“I love the concept that we see today – synergy with the administration, the House, and the Senate – focusing not on ourselves, but focusing on working-class Americans who desperately need to reduce their prices and increase their access [to financial services.] That’s what the bicameral working group will help tackle.”

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