U.S. Senator Richard Blumenthal is set to chair a Senate investigations subcommittee examining illicit cryptocurrency usage and Donald Trump's family venture World Liberty Financial

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Bicameral federal legislature of the United States, made up of the Senate and the House of Representatives, which writes law, controls federal spending and oversees the executive branch. Its two chambers represent states and districts on different terms and hold different constitutional powers.