In an unprecedented move, key lawmakers and regulators have unveiled the beginning of a landmark cryptocurrency framework
The United States is making history with the introduction of a new regulatory framework for digital assets. In an unprecedented move, key lawmakers have joined forces with the SEC's new Crypto Task Force to establish clear and enforceable guidelines for the industry.
After years of operating under a cloud of regulatory uncertainty, the cryptocurrency industry is finally getting the clarity it needs. Members of the newly established bipartisan, bicameral group on cryptocurrency regulation, including the House Financial Services, House Agriculture, Senate Banking, and Senate Agriculture Committees, convened today to advance a comprehensive regulatory framework for digital assets.
The press conference included Sen. Tim Scott (R-SC), Sen. John Boozman (R-AR), Rep. GT Thompson (R-PA), Rep. French Hill (R-AR), and AI and Crypto Czar, David Sacks. The effort marks a shift from aggressive SEC enforcement to establishing clear, enforceable guidelines for the industry.
“This is a milestone—a great accomplishment for our country,” said Rep. Thompson, emphasizing the cooperative effort between House and Senate committees. The framework prioritizes stablecoin legislation to reinforce the U.S. dollar's dominance in global finance.
The members of the SEC's Crypto Task Force also joined the lawmakers at the press conference. Among them were SEC Commissioner Hester Peirce and senior officials from the Division of Corporation Finance.
In her remarks, Peirce likened previous regulatory efforts to a “chaotic, meandering road trip.” She highlighted that the new task force is tasked with establishing a legally defensible framework to encourage innovation while protecting investors.
“We are keeping innovation here,” said Sacks, warning that the U.S. cannot afford to let other countries dominate the future of financial technology.
The press conference concluded with a question from a reporter that could shape the future of U.S. economic policy: Will the United States establish a Strategic Bitcoin Reserve? While the details have yet to be laid out, Sacks said establishing a bitcoin reserve is one of the top priorities of the Trump administration.
With new regulatory clarity, a sovereign wealth fund, and growing government recognition of bitcoin’s potential, the United States is not just entering the digital asset revolution; it is leading it.