As part of its broader initiative to develop the U.S. market for tokenized real-world assets (RWA), Lumia held a dedicated session with members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

After a productive meeting in Washington with key lawmakers and regulators, organized by David Martin McIntosh, Public Policy Advisor at Lumia, former U.S. Representative from Indiana and president of the Club for Growth, the company was invited to meet with the Senate Banking Committee to discuss the Clarity for Payment Stablecoins Act.

Lumia Chief Technology Officer Deniz Dalkilic presented the company’s strategic vision and proposed ways to strengthen the draft legislation. The meeting was a natural extension of Lumia’s ongoing talks with U.S. policymakers aimed at building long-term partnerships to advance the RWA sector.

Senior committee staff and advisers in attendance included:

Ammon Simon, Chief Counsel to Senator Tim Scott, Senate Committee on Banking, Housing, and Urban Affairs

Brian Montesinos, Professional Staff Member, Senate Committee on Banking, Housing, and Urban Affairs

Lucas Christopher, Policy Director, Senate Banking Committee

Janie Faulkner, Deputy Policy Director & Senior Counsel, Senate Banking Committee

 Chris Land, Staff Director, U.S. Senate Banking Subcommittee on Digital Assets

The discussion explored practical approaches for implementing the Clarity for Payment Stablecoins Act and assessed its implications for the private sector. Lumia’s representatives outlined their perspective on key provisions of the bill, focusing on how it could support both the broader crypto industry and the RWA segment in particular.

Special attention was given to how businesses and regulators can collaborate on KYC/AML compliance and the creation of a robust legal infrastructure — conditions seen as critical for integrating new digital financial products for both institutional and retail investors.

“It was a productive and constructive exchange, and we’ve been asked to continue the conversation as they refine the bill. It’s encouraging to see policymaking take shape with real input from infrastructure teams on the ground,” — Deniz Dalkilic, CTO of Lumia.

Lumia plans to continue working closely with lawmakers and regulators to help build a technologically advanced and responsible digital-economy ecosystem in the United States.