Congress launches bipartisan Congressional Crypto Caucus

U.S. lawmakers have formed the Congressional Crypto Caucus, a bipartisan coalition aimed at advancing crypto-friendly policies in the House of Representatives.  

Led by House Majority Whip Tom Emmer and Congressman Ritchie Torres, the caucus seeks to establish the U.S. as a leader in digital assets and blockchain innovation.

Unlike the existing Congressional Blockchain Caucus, which focuses on educational efforts, the Crypto Caucus will function as a voting bloc to mobilise support for digital asset legislation, including bills on stablecoins and market structure reforms.

This initiative reflects growing recognition among lawmakers of the importance of digital assets and the need for clear regulatory guidelines.

The caucus was formed in response to strong pro-crypto voter turnout in recent elections.

"This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilise to support key digital asset initiatives in Congress," Emmer stated.

"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," stated Torres, emphasising the caucus's role in fostering innovation while protecting consumers.

The formation of the caucus coincides with President Donald Trump's plans for a strategic crypto reserve and his upcoming White House Crypto Summit on March 7.  

These developments signal a significant shift in U.S. policy towards embracing digital assets and blockchain technology, potentially paving the way for clearer regulations and increased innovation in the sector.