Senator Cynthia Lummis has criticized the U.S. Securities and Exchange Commission's (SEC) approach to regulating digital assets, describing it as un-American. In her remarks, Lummis accused the SEC under the Biden administration of aggressively reinterpreting case law regarding investment contracts while maintaining secrecy about these interpretations. She has expressed support for Coinbase, filing an amicus brief against the SEC, which she claims is hampering efforts to regulate the crypto industry. Coinbase Chief Legal Officer Paul Grewal echoed Lummis's sentiments, advocating for a non-discriminatory treatment of crypto projects and allowing market forces to determine outcomes rather than bureaucratic decisions. Furthermore, the Senate Banking Committee has announced a pro-crypto agenda, establishing a new subcommittee focused on digital assets, which will aim to clarify regulations surrounding trading, custody, and stablecoins. This initiative is seen as a response to the SEC's perceived overreach and aims to foster innovation in the sector. Additionally, digital assets have been placed under the jurisdiction of the Commodities Subcommittee within the Senate Agriculture Committee, chaired by Senator Cindy Hyde-Smith of Mississippi.