Key Points:
- House Majority Whip Tom Emmer and Rep. Ritchie Torres launched the Congressional Crypto Caucus to advance blockchain and digital asset policy in the U.S.
- Several cryptocurrency-related bills, including the GENIUS Act on stablecoins, are under review, with lawmakers pushing for regulatory clarity by April.
A bipartisan coalition in Congress has formed the Congressional Crypto Caucus, aiming to advance digital asset and blockchain policy in the United States.
The initiative, led by House Majority Whip Tom Emmer (R-MN) and Rep. Ritchie Torres (D-NY), seeks to support and defend open and private innovation in the sector.
New Congressional Crypto Caucus: A Bipartisan Push for Blockchain Regulation
Emmer, a longstanding advocate for cryptocurrency, emphasized the caucus’s commitment in a statement on social media Monday, describing it as a “nonpartisan group of members ready to mobilize” in support of blockchain innovation. Torres, a vocal Democratic proponent of digital assets, joins Emmer in steering the initiative.
The formation of the Congressional Crypto Caucus signals increasing congressional focus on cryptocurrency regulation. Currently, several digital asset-related bills are under review, including the GENIUS Act, introduced by Sen. Bill Hagerty, which focuses on stablecoin oversight.
The Congressional Crypto Caucus will operate separately from the existing Congressional Blockchain Caucus, which was established in 2017.
According to Fox Business reporter Eleanor Terrett, the new group was created in response to growing voter interest in blockchain-friendly policies. Lawmakers hope it will help shape legislation that encourages financial innovation while ensuring consumer protections.
U.S. Government Advances Crypto Strategy with Legislative Action
Beyond the Congressional Crypto Caucus, Emmer’s influence in crypto policy continues to expand. Earlier this year, House Financial Services Committee Chairman French Hill appointed him as Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
The move to establish the caucus follows President Donald Trump’s announcement of plans to create a U.S. Crypto Strategic Reserve, a federal stockpile of digital assets, including Bitcoin, Ethereum, Solana, Cardano, and XRP.
The crypto reserve is the result of an executive order issued by Trump in January 2025 titled “Strengthening American Leadership in Digital Financial Technology,” which created the Presidential Working Group on Digital Asset Markets.
The group was entrusted with investigating the establishment of a national digital asset stockpile, first examining the use of seized cryptocurrency.
Additionally, the White House crypto conference on Friday is expected to shed more light on the impending legislation and will be attended by prominent crypto innovators, executives, investors, and members of the Presidential Working Group on Digital Asset Markets.
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