Congressman Tom Emmer announced the formation of the Congressional Crypto Caucus. This initiative, launched with Congressman Ritchie Torres, aims to serve as a nonpartisan voting bloc in Congress to support and defend open, permissionless, and private innovation in the United States.
House Republican Tom Emmer and Democrat Ritchie Torres are collaborating on this bipartisan effort to advance crypto-friendly policies in Congress’s lower chamber. The Congressional Crypto Caucus is distinct from the Congressional Blockchain Caucus established in 2017 and will act as a voting bloc to support digital asset legislation being developed in the House, including stablecoin and market structure bills.
According to Congressman Emmer, "This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress." He emphasized their commitment to ensuring that "the United States remains the best place in the world to build and innovate in the next iteration of the internet."
The caucus's debut comes at a time when lawmakers are working swiftly to pass legislation providing a regulatory framework for the $3 trillion digital asset industry. President Donald Trump has expressed his desire for the U.S. to become "the crypto capital of the planet."
Two separate bills addressing stablecoins have been introduced in the House, with industry input currently being sought on various provisions. Meanwhile, Tennessee Senator Hagerty's stablecoin bill, known as the GENIUS Act, is under consideration by the U.S. Senate Banking Committee.
Senator Tim Scott, Chairman of the Senate Banking Committee, said last month that he aims for both stablecoin and market structure bills to pass through the Senate and reach President Trump's desk by April. However, it remains uncertain if there will be sufficient bipartisan support to achieve this goal.
Emmer and Torres hope that their Congressional Crypto Caucus will help push legislation forward. Torres said, "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." He added his pride in co-leading this effort with Rep. Emmer "to build a unified, bipartisan coalition that cements America’s leadership in the future of finance."
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