In March 2025, Congressman Ritchie Torres announced the formation of a new Congressional Crypto Caucus aimed at establishing the US in the realm of digital assets and blockchain.
Formation of the Congressional Crypto Caucus
The Congressional Crypto Caucus was formed as a bipartisan initiative in collaboration with House Republican leader Tom Emmer. This group will serve as a unified, nonpartisan voting bloc to promote crypto-friendly legislation.
Regulatory Plans for Cryptocurrencies
One of the caucus's main priorities will be to develop regulations for stablecoins and market structures. Congress is currently reviewing two bills related to stablecoins.
Benefits to the Crypto Industry
The launch of the Congressional Crypto Caucus is seen as a significant step forward for the crypto industry. A clear regulatory framework will provide stability and help attract institutional investors.
The Congressional Crypto Caucus aims to strengthen US leadership in digital assets and blockchain innovation while ensuring consumer protection.
