US members of Congress to launch bipartisan ‘Congressional Crypto Caucus’

US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the extremity of advancing crypto-friendly policies successful the US House of Representatives. Torres announced the quality via his X relationship connected March 3.

The Congressional Crypto Caucus follows the enactment of the “Congressional Blockchain Caucus,” different bipartisan radical that arose during the aboriginal years of the Obama presidency with the extremity of knowing blockchain technology.

Source: Ritchie Torres

Compared to the Congressional Blockchain Caucus, the Congressional Crypto Caucus volition relation “more arsenic a voting bloc to mobilize enactment for integer plus authorities presently being worked connected successful the House, including stablecoin and marketplace operation bills,” according to a property merchandise from Emmer’s office.

Currently, the House of Representatives is weighing a draught of a measure that would found a regulatory model successful the United States for dollar-based stablecoins. US Representatives French Hill and Bryan Steil introduced the measure connected Feb. 7. Maxine Waters has besides called for support of a stablecoin bill introduced successful 2024.

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Steil, the existent president of the Subcommittee connected Digital Assets, Financial Technology, and Artificial Intelligence, said that different marketplace operation measure whitethorn beryllium coming up and that it would beryllium a strengthened mentation of the bipartisan FIT21 bill that the House of Representatives passed successful 2024.

Both Torres and Emmer person a past of supporting the crypto industry.

Torres is noted for making the lawsuit for integer assets, posting to X astir FIT21 aft helium voted “yes” for the bill:

“It represents a bipartisan effort to modulate the integer assets industry, forestall the adjacent FTX, safeguard consumers, cement the US arsenic a planetary person successful concern and technology, and beforehand a secure, innovative, and inclusive fiscal future.”

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Emmer is the House bulk whip and vice president of the Digital Assets Subcommittee. He said aft being selected for the role, “With President Trump successful the White House…we person an fantabulous accidental to guarantee that the aboriginal of integer assets is guided by Americans, with American values.”

The quality of the upcoming motorboat of the bipartisan Congressional Crypto Caucus comes arsenic much tailwinds for crypto travel retired of Washington.

On March 2, President Donald Trump posted that his Working Group connected Digital Assets had been directed to see Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) in the US strategical crypto reserve. Trump volition big the first White House Crypto Summit connected March 7.

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