House Majority Leader Tom Emmer announced on Monday the formation of the first congressional crypto caucus. He said that the group would allow lawmakers who support the industry to act as one unified block on relevant legislation.
The move comes just a day after President Donald Trump announced he's directed the Presidential Working Group to "move forward" With plans to establish "crypto strategic reserve"—a federal stockpile of state-owned digital assets—This would include Bitcoins, Ethereums, Solana, Cardanos, and XRP.
The caucus appears to be a bipartisan effort, led both by Emmer—a staunch crypto advocate—and Rep. Ritchie Torres (D-NY), one of the industry’s most vocal Democratic Allies.
Emmer labeled the caucus “unorganized” in a message he sent to X Monday morning. “a nonpartisan group of members ready to mobilize to support and defend open, permissionless, and private innovation in the United States.”
Include the word “include” in your sentence. “private” In that definition, there is an apparent attempt to squash any suggestion that, as the U.S. federal government becomes more engaged in cryptography, it may seek to create technologies, such a CBDC (central bank digital currency).
Significant foreign organisations like the European Union pushed forward in developing digital currencies in recent weeks. In contrast, President Donald Trump has moved to Ban The creation of a CBDC in the United States came just days after Republicans regained control of the White House. Republicans have been claiming to be the party of America for many years. You can also find out more aboutCBDCs pose a serious threat to the privacy of financial information, according to.
Decrypt Emmer’s office was not immediately responsive when we contacted them about the House crypto caucus’ top priorities or the size it could have at its inception.
House caucuses consist of formally-organized groups that meet regularly to discuss legislative issues and vote together on important topics.
There are dozens of these groups that meet regularly on Capitol Hill. The groups are based on identity (Congressional Black Caucus), ideological orientation (Congressional Progressive Caucus), foreign policy (Congressional Friends of Denmark Caucus), and in some cases industry (Congressional Cranberry Caucus; Chicken Caucus and Natural Gas Caucus).
While crypto has notched a slew of high profile political victories in recent weeks—from the dismissal of Key lawsuits Trump’s double-down on controversial federal legislation, from targeting leaders in the industry Stockpile of crypto—the somewhat less flashy announcement of an industry caucus nonetheless brings the sector one step closer to more permanent status as a mainstay special interest group in Washington.
The crypto market has been a beneficiary of the extreme volatility that has plagued it for years. Lowest of lows You can also find out more about the following: The highest of all highsPerhaps becoming a staple in the home, like chicken or cranberries, isn’t as unappealing.