US Congresspeople Ritchie Torres and Tom Emmer form a “Congress Crypto Caucus” with the aim of promoting policies friendly to the US House of Representative. Torres announced the news through his X account on March 3.
The Congressional Crypto Caucus follows the formation of the “Congressional Blockchain Caucus,” another Bipartisan group that appeared in the final years of Obama’s presidency with the aim of understanding blockchain technology.
Source: Ritchie Torres
Compared to the Congressional Blockchain Caucus, the Congressional Caucus Caucus will work “more as a voting vote to mobilize support for the digital asset legislature currently employed in the Chamber, including Stablecoin and Market Structure Bills,” According to In a press release from Emmer’s office.
Currently, the House of Representative weighs a draft of a bill that will establish a regulatory framework in the United States for the dollar -based dollar. US representatives French Hill and Bryan Steil introduced the bill on February 7. Maxine Waters also called Support a Stablecoin bill introduced in 2024.
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Steil, the current chairman of the Subcomm Committee in Digital Assets, Financial Technology, and Artificial Intelligence, said another market structure bill may come and it will be a Strengthened version of Bipartisan Fit21 Bill that the House of Representative passed in 2024.
Both Torres and Emmer have a history of supporting the crypto industry.
Torres is mentioned for making the case for digital possessions, Post to X about Fit21 after he voted “yes” for the bill:
“It represents a Bipartisan effort to adjust the digital assets industry, avoid the next FTX, care for consumers, cement the US as a global financial and technology leader, and promote a safe, innovative, and future financial associate.”
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Emmer is the House Majority Whip and Vice Chairman of the Digital Assets Subcomm Committee. She is Says After being selected for the paper, “with President Trump in the White House … we have a great opportunity to ensure that the future of digital ownership is guided by Americans, with American values.”
The news of the upcoming launch of the Bipartisan Congressional Crypto Caucus came as more tails for Crypto came out in Washington.
On March 2, President Donald Trump posted that his working group on digital assets was assigned to include Bitcoin (Btc), Ether (Eth), XRP (XRP), Solana (Sol) and cardano (Ada) In the US Strategic Crypto Reserve. Trump the Magho -Host to First White House Crypto Summit On March 7th.
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