The U.S. Senate Banking Committee's Digital Asset Subcommittee, chaired by Senator Cynthia Lummis, convened to discuss the evolving market structure of digital assets. Key witnesses included Robert Van Grack from Coinbase, Xethalis from Multicoin Capital, Finance Hammer from Wharton, and former CFTC Chair Behnam. The hearing focused on regulatory frameworks and the impact of digital assets on financial markets.