The majority leader of the U.S. Senate will be Senator John Thune, who supports cryptocurrency legislation, next year

ChainCatcher news, according to The Block, U.S. Senator John Thune, who has previously supported cryptocurrency-related legislation, has been elected as the majority leader of the U.S. Senate for next year. The Republican from South Dakota was elected during a closed-door meeting on Wednesday.

Thune currently serves as a member of the Senate Finance Committee, which is responsible for tax and revenue matters. In 2022, he co-sponsored a cryptocurrency bill called the "Digital Goods Consumer Protection Act" along with several other senators.

The bill aims to establish a legal definition for digital goods and place their trading under the jurisdiction of the Commodity Futures Trading Commission (CFTC). Thune also voted in May to support a measure aimed at overturning the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 (SAB 121).