U.S. Senator John Thune, who supports encryption legislation, was elected Senate Majority Leader

John Thune, a Republican senator from South Dakota, was elected Senate Majority Leader in 2025. Thune currently serves on the Senate Finance Committee, which is responsible for taxation and revenue. He co-sponsored a 2022 cryptocurrency bill called the Digital Commodity Consumer Protection Act (DCCPA) with Democratic Senator Cory Booker of New Jersey, Democratic Senator Debbie Stabenow of Michigan, and Republican Senator John Boozman of Arkansas, which aims to provide a legal definition for digital commodities and bring their trading under the supervision of the Commodity Futures Trading Commission (CFTC). In addition, he also supports the repeal of SAB 121, an accounting rule for crypto assets, to promote regulatory reforms in the crypto industry. Senate Majority Leader and Democratic Senator Chuck Schumer of New York also voted in favor of the measure with several other Democrats, including New York Senator Cory Booker and Montana Senator Jon Tester. (The Block)