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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto is in the spotlight, as members of the US House Financial Services Committee met this week to tackle regulation reform. At centerstage is none other than the US President himself, Donald Trump, and his various engagements and ventures in cryptocurrency and Defi. Lawmakers from both sides of the aisle are now calling for clearer rules. According to FOX’s Eleanor Terrett, the committee’s session revealed strong bipartisan support for updated disclosure requirements around digital assets. Republicans And Democrats Find Common Ground On Crypto Rules Both political parties agreed that establishing a framework for digital assets would help not just the crypto industry but also other sectors that cryptocurrency technology affects. Witnesses at the hearing pointed out that the Securities and Exchange Commission’s current application of the Howey Test to digital assets doesn’t work well for secondary market transactions. My takeaways from the @FinancialCmte hearing on #crypto market structure reform: 📌More than ever before, there seems to be a greater bipartisan consensus that there’s a pressing need for regulatory clarity and updated disclosure regimes around digital assets. 📌Witnesses and… https://t.co/QcER6kOS6Q — Eleanor Terrett (@EleanorTerrett) April 9, 2025 “We need to stop relying on the courts to define our financial future,” said one senior lawmaker at the meeting. This push for legislative clarity comes after years of companies and investors operating in regulatory uncertainty. Trump Family Crypto Ventures Raise Concern Among Lawmakers The committee’s work faces a complication: US President Trump and his family’s direct involvement in cryptocurrency projects. According to reports, Trump and First Lady Melania Trump are connected to the launch of meme coins and a DeFi project called World Liberty Financial, which recently released a dollar-backed stablecoin named USD1. Total crypto market cap at $2.5 trillion…

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Filed under: News - @ April 11, 2025 4:20 pm