SCOOP: House Republican @GOPMajorityWhip and Democrat @RepRitchie are teaming up to launch the Congressional Crypto Caucus, a bipartisan initiative with the goal of advancing crypto-friendly policies in Congress’s lower chamber.
Separate from the Congressional Blockchain Caucus that launched in 2017, the Congressional Crypto Caucus will function more as a voting bloc to mobilize support for digital asset legislation currently being worked on in the House, including stablecoin and market structure bills.
Congressman Emmer tells me the caucus was formed in response to the millions of U.S. voters that took to the ballot box in November to vote for candidates that would prioritize the advancement of digital assets and blockchain technology in the U.S.
“This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress,” Emmer said. “We will continue to work to ensure the United States remains the best place in the world to build and innovate in the next iteration of the internet.”
The debut of the caucus comes as lawmakers are working quickly to pass legislation to provide a regulatory framework for the $3 trillion digital asset industry, as ordered by President @realDonaldTrump, who has said he wants to make the U.S. the ‘crypto capital of the planet.’
Two separate bills to provide clarity around the use of stablecoins, cryptocurrencies pegged to a stable asset like the U.S. dollar, have been introduced in the House with industry currently providing input on the bills’ various provisions. Meanwhile, in the upper chamber, the @BankingGOP is eyeing a markup for Tennessee @SenatorHagerty's stablecoin bill, the GENIUS Act, as early as next week.
In a press conference last month, Chairman of the Senate Banking Committee @SenatorTimScott said he’s aiming for both stablecoin and market structure bills to pass the Senate and be on the President's desk for signing by April.
It’s unclear at this point if there will be enough bipartisan support to achieve that goal, but Emmer and Torres hope the Congressional Crypto Caucus will be able to help get legislation across the finish line.
“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, strengthening our position as a global leader in digital assets and blockchain innovation,” Torres told me. “I’m proud to co-lead this effort with Rep. Emmer to build a unified, bipartisan coalition that cements America’s leadership in the future of finance.”
https://t.co/jfsIJI62sI
TUNE IN
Watch live as I participate in a @FSCDems markup on legislation establishing regulatory framework for digital assets.
youtu.be/wCqqBLMboOc
Needless to say, regulating digital assets through enforcement only had a dreadful day in court last week.
In the wake of the resounding decision out of the SDNY Ripple case, @SECGov must reassess its continued assault on the crypto industry.
My letter to Chair Gensler: 
@SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret.
It prefers to communicate by enforcement rather than by rules or guidance. But that's no way to regulate digital assets.
I'm calling for an investigation. 
TUNE IN
This afternoon, as a member of @FSCDems, I'm participating in a hearing examining the future of digital assets and the need to provide regulatory clarity for the digital asset ecosystem.
Tune in starting at 2 p.m.:
youtube.com/watch?v=Sq4-6d…
TUNE IN
This morning, as a member of @FSCDems, I'm participating in the Digital Asset Subcommittee hearing on “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise”.
Watch live: youtube.com/watch?v=j9yNSG… TUNE IN
This morning, as a member of @FSCDems, I'm participating in a joint hearing with @HouseAgDems on the "Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Market".
Watch here:
youtube.com/watch?v=gwJ1QA… TUNE IN
This morning, as a member of @FSCDems, I’m participating in a subcommittee hearing aimed at strengthening our understanding the role of stablecoins in payments and the need for legislation.
Watch:
youtube.com/live/ti0CDUxTA… WATCH LIVE
Right now, I'm taking part in a hearing of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion
youtube.com/watch?v=aOUUy4…
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