Republican Representative Blaine Luetkemeyer of Missouri has announced his retirement, revealing in a post that he will conclude his term in December 2024. Luetkemeyer, who served as the chairman of the Financial Services Subcommittee on National Security, Illicit Finance, and International Financial, played a significant role in cryptocurrency-related legislation. His retirement follows the introduction of a bill targeting the use of China’s digital yuan by U.S. financial institutions, citing surveillance concerns by the Chinese Communist Party. The departure signals potential changes in the approach to cryptocurrency regulation in the U.S. Congress. (Source: Coingape)