Republican lawmakers launch bicameral working group to bring clarity to crypto

Republican legislators announce a bicameral working group to accelerate cryptographic regulations, focusing on stablescoins and digital asset market rules in a major thrust for the long -awaited industry.

Republican legislators intensify their efforts to provide clear rules to the cryptography industry, forming a bicameral working group to advance legislation stable and the structures of the digital asset market.

The movement, announcement On February 4 at a Capitol Hill press conference, marked a coordinated effort between Key House and the managers of the Senate to create a structured framework for cryptography regulations, a problem that has remained in legal limbo for years .

The working group includes members of four main committees – the Chamber’s Financial Services Committee, the Chamber Agriculture Committee, the Senate Banking Committee and the Senate Agriculture Committee – according to the legislators of the Cryptographic regulations as a problem that extends over several financial surveillance sectors.

Representing French Hill of Arkansas, as well as the senators Tim Scott and John Boozman and the representative Glenn Thompson, will play leading roles in the development of these policies, based on existing legislative efforts while introducing new proposals .

The legislators plan to rely on financial innovation and technology for the law of the 21st century (Fit21), which adopted a chamber committee in 2024, while using a new stablecoin invoice presented By senator Bill Hagerty on February 4 as a starting point for more in -depth discussions.

The president of the Senate bank, Tim Scott, clearly indicated that speed is a prioritySaying that he wants to push Crypto bills through the Senate in the first 100 days of the congress session.

Conversations with democratic colleagues are already underway, which raises the possibility that certain elements of these bills can obtain bipartisan support.

During the press conference, David SacksTrump crypto and artificial intelligence tsar, radius About the broader vision of digital assets, calling for this a key moment to create a “golden age” for crypto in the United States

Its role extends beyond the congress, because it also oversees a separate initiative within the White House to assess the possibility of a bitcoin owned by the government (BTC) reserve.

Trump’s decree, on January 23, laid the foundations for this discussion, as well as guidelines To prevent the creation of a digital currency from the central bank.

For years, the lack of clear rules has pushed many cryptographic companies to set up operations abroad, where the regulations have been more clearly defined. In case of success, this working group could finally give the crypto industry the clarity it has been waiting for a long time.