Wyoming Senator Cynthia Lummis has been appointed by Senator Rick Scott to chair the Senate Banking Subcommittee on Digital Assets. The subcommittee aims to advance comprehensive digital asset legislation and oversee regulatory agencies to prevent overreach. Lummis has proposed a Strategic Bitcoin Reserve Act, suggesting a strategic reserve could fortify the US dollar and ensure the country's leadership in financial innovation. This announcement has led to speculation about a potential Bitcoin strategic reserve, particularly following remarks from former Binance CEO Changpeng Zhao, who indicated that Lummis's appointment may confirm this initiative. Other states have also begun to draft related legislation, and Coinbase CEO Brian Armstrong emphasized the importance of Bitcoin in the global economic landscape during a recent forum discussion. However, market analyst Ki Young Ju expressed skepticism regarding the establishment of a Bitcoin strategic reserve in light of national monetary policy.

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