Republican MPs announced a bicoly work group for fast-track crypto rules, focusing on stablecoins and digital asset market rules in a major push for long-awaited industry clarity.
Republican MPs have carried forward their efforts to bring clear rules for the Crypto industry, forcing a bilateral work group to carry forward the law on stabechoin and digital asset market structures.
move, Announced On 4 February at the Capital Hill Press Conference, Crypto marks a coordinated effort between the House and Senate leaders to create a structured structure for regulation, an issue that remains in the legal organ for years.
The working group consists of members of four major committees – House Financial Services Committee, House Agriculture Committee, Senate Banking Committee and Senate Agricultural Committee – Thinking that MPs have seen crypto regulation as an issue that has been an issue that many areas of financial monitoring Spreads
With Arkansas representative French Hill, Senators Tim Scott and John Buzmann and representative Glenn Thompson, will play a leading role in shaping these policies, drawing with existing legislative efforts, introducing new proposals.
The MPs have planned to construct a house committee on financial innovation and technology for the 21st century Act (FIT21), which passed a house committee in 2024, as well as a new stabelcoin bill on 4 February by Senator Bill Higrant, Which is in the form of an early point for further discussions. ,
Senate Banking President Tim Scott has made it clear that the speed is one PrioritySaying that he wants to push crypto bills through the Senate within the first 100 days of the Congress session.
Negotiations with democratic colleagues are already underway, increasing the possibility that some elements of these bills can get bipartisan support.
At the press conference, David Sachs, Trump’s Crypto and Artificial Intelligence Czar, talked about the broad vision for digital assets, called it an important moment to create a “golden age” for Crypto in America
His role is spread beyond the Congress, as he is also taking care of a separate initiative within the White House to assess the possibility of Bitcoin (BTC) reserve organized by the government.
On 23 January, Trump’s executive order laid the foundation for that discussion, with instructions to stop the construction of the central bank digital currency.
Over the years, lack of clear rules has inspired many crypto firms to establish operations abroad, where regulations have been more clearly defined. When successful, this work group can eventually give clarity to the crypto industry that has been waiting for a long time.
