A new Congressional Crypto Caucus has been established in the U.S. House of Representatives, bringing together lawmakers from both parties to support digital asset policies. House Majority Whip Tom Emmer, a Republican, and Representative Ritchie Torres, a Democrat, are leading the initiative to create a unified voting bloc for crypto-related legislation.

Congress Forms a Bipartisan Crypto Caucus

According to a recent Fox News report, lawmakers in the U.S. Congress have introduced the Crypto Caucus to mobilize support for digital asset laws. The caucus is designed to function as a voting bloc, separate from the existing Congressional Blockchain Caucus, which was founded in 2017. The primary objective is to advance cryptocurrency-friendly policies and ensure regulatory clarity for the industry.

The caucus was formed in response to voter demand for stronger digital asset policies. Millions of Americans cast ballots for candidates prioritizing blockchain technology and crypto-related innovation. Emmer stated that the group will work to maintain the United States as a leader in digital asset development and financial technology.

Additionally, according to Fox News reporter, Eleanor Terrett, Torres said,

“The Congressional Crypto Caucus will be a driving force in advancing policies that foster innovation, protect consumers, and ensure that cutting-edge technology can thrive in the United States.”

Lawmakers Aim to Pass Stablecoin Bills by April

More so, President Donald Trump has directed lawmakers to implement a clear regulatory framework for the digital asset industry. In response, legislators are pushing to finalize stablecoin and market structure bills. Two stablecoin-related bills are already under consideration in the House of Representatives, with industry stakeholders providing input on their provisions.

In the Senate, Republican lawmakers are preparing for a markup session on the GENIUS Act, a stablecoin bill sponsored by Senator Bill Hagerty of Tennessee. The Senate Banking Committee, led by Senator Tim Scott, aims to pass both the stablecoin and market structure bills in time for the President Donald Trump to sign by April.

The Crypto Caucus is expected to play a role in securing bipartisan support for cryptocurrency regulations. While the House works on its legislation, the Senate Banking Committee is advancing efforts to establish stablecoin rules. The GENIUS Act, which focuses on regulatory guidelines for stablecoins, could move forward as early as next week.

Chairman Tim Scott emphasized the urgency of passing crypto-related laws, stating that lawmakers are working to ensure digital assets operate within a clear legal framework.

U.S. Leadership in Blockchain Innovation

The Crypto Caucus seeks to ensure that digital asset policies foster innovation while protecting consumers. Emmer and Torres highlighted that the group will work to create a stable regulatory environment. This will encourage blockchain technology development in the United States.

Torres described the caucus as a nonpartisan coalition committed to advancing digital asset policies. 

Most recently, CryptoQuant CEO Ki Young Ju analyzed President Donald Trump’s approach to cryptocurrency, describing it as a strategic move to strengthen U.S. dominance in global markets. Ju pointed out that Trump’s crypto reserve initiative initially prioritized XRP, Solana, and Cardano before later including Bitcoin and Ethereum.

The post Congress Launches Crypto Caucus to Push Digital Asset Policies: Report appeared first on CoinGape.

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Filed under: News - @ March 3, 2025 6:26 pm