Washington, DC – The House of Representatives and the United States Senate is forming a joint working group to advance cryptographic legislation, and David Sacks, the Cruz Cruz designated by President Donald Trump, said that his goal is to “guarantee American domain in digital assets “in an appearance. Tuesday at a joint press conference at Washington.
Together with the heads of the Congress Committees who will work in digital asset legislation, Sacks established a broad pro-Crypto agenda.
“I hope to work with each of you in the creation of a golden age in digital assets,” he said, calling Crypto a “weekly priority for the administration.”
A part of the plan was already revealed earlier on Tuesday, when details of a draft Law of the Stablcoin Senate emerged. Senator Bill Hagerty, a Republican from Tennessee, wrote a bill to establish the US supervision of Stablecoin issues, dividing the regulation between state agencies and federal guards, specifically the Federal Reserve and the Office of the Comptroller of Currency of La Moneda .
Tim Scott, the South Carolina Republican who now presides over the Senate Banking Committee, said the panel would address Stablecoins first.
The legislators, which included the president of the Financial Services Committee of the House of Representatives, French Hill, the president of the Agriculture Committee of the House of Representatives, Glenn “GT”, the president of the Senate Agriculture Committee, John Bozman, He also said that the market structure legislation would refer, referring to the approval of last year’s chamber of the financial innovation of financial innovation of financial innovation and technology for the law of the 21st century (FIT21).
Hill said that a bill similar to FIT21 would advance with a draft Stablecoin law in the Chamber.
“We want to maintain that innovation on land in the financial assets of the US To give it to other countries, “Sacks said at the press conference, the first since he took the work of AI and Crypto Czar.
Update (February 4, 2025, 20:17 UTC): Add additional details.
