February 26, 2025, Washington, D.C. – U.S. Senator Dave McCormick (R-Pennsylvania) today participated in the first hearing of the critical new Senate Banking Committee Subcommittee on Digital Assets. McCormick questioned the witnesses about the need for U.S. leadership in this innovative technology and the potential benefits of stablecoins to preserve the dominance of the dollar.
“Blockchain and digital assets represent the next wave of innovation, and as policymakers, it’s our responsibility to create an environment where they can thrive,” said McCormick.“From my experience as a CEO in Pittsburgh in the late 90’s, I’ve seen firsthand how innovation can drive real prosperity in our communities. It is my hope that digital assets can unlock great opportunity for our Commonwealth and across our country. This Congress must work alongside President Trump to pass bipartisan digital asset legislation that will guide the future of innovation and secure a robust economic future for the U.S.”
The Banking Digital Asset Subcommittee was titled “Exploring Bipartisan Legislative Frameworks for Digital Assets.” For more information on the Senate Banking Subcommittee on Digital Assets, visit: https://www.banking.senate.gov/about/subcommittees.
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