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Republican legislators announce the bickoral working group for the fast monitoring of the crypto regulations, focusing on stabibeloids and the rules on the digital market of assets in a major encouragement for long -awaited clarity of the industry.
Republican legislators enhance their efforts to bring clear rules to the crypto industry, forming a two -cell working group to encourage legislation on stable and digital market structures.
Move, announced 4 February at a Capitol Hill press conference marks a coordinated effort between the leaders of Key House and Senate to create a structured crypto regulation framework, a question that has remained in legal recess for years.
The working group includes members from the four main committees – the Committee on Home Financial Services, the Committee of the Home Agriculture, the Senate Banking Committee and the Senate Committee on Agriculture – which believe that the legislators see the regulation of cryptocurrencies as a question that includes several sectors of financial supervision.
Representative French Hill of Arkansas, along with the Senators team team Scott and John Boozman and representative Glenno Thompson, will play leading roles in the design of these policies, drawing from existing legislative efforts, introducing new proposals.
Legislators plan to upgrade to the Law on Financial Innovation and Technology for the 21st Century Law (Fit21), which adopted the House Committee in 2024 while using a new proposal for the Stablecoin Act, which was introduced on February 4th by Senator Bill Hagerty as a starting point for further discussions for further discussions.
Senate banking chair Tim Scott made it clear that speed a prioritysaying that he wants to push the cryptocurrency proposals through the Senate in the first 100 days from the congress session.
Conversations with democratic colleagues are already ongoing, which increases the possibility that some elements of these laws could obtain two -sided support.
At a press conference, David Sacks, Trump’s crypto and artificial intelligence Czar, spoke of a wider vision of digital assets, calling this a key moment to create a “golden age” for cryptocurrencies in the United States
His role extends beyond the congress, as he also monitors the separate initiative in the White House to evaluate the ability to reserve the Bitcoin (BTC) reserve.
Trump’s executive command on January 23 laid the basis for the discussion, along with the directives to prevent the creation of the digital currency of the central bank.
For years, the disadvantage of clear rules has forced many crypto companies to set surgery abroad, where the regulations are clearer defined. If it is successful, this working group could finally give a cryptum to the clarity that has been waiting for a long time.
