Senator Cynthia Lummis chairs the new Senate Banking Subcommittee on Digital Assets.
Republicans have secured 214 seats and need four more for a Congressional majority; Arizona's Ruben Gallego is another win for Fairshake.
Republicans have won control of the Senate, but key cryptocurrency-related races in Arizona and Nevada featuring Democrat Ruben Gallego and Republican Sam Brown are still undecided.
Pro-crypto Fairshake PAC has invested millions to support Democratic Senate candidates in Michigan and Arizona, causing tension within the GOP.
Fairshake will allocate $12 million to support Bernie Moreno's Ohio Senate run against Sherrod Brown.