Rep. Bryan Steil announced his participation in the White House Digital Asset Roundtable, where he is working on developing "clear rules" for innovators in the United States to support competition and protect investors. He shared this information in a March 7 post on X.
"At the White House Digital Asset Roundtable today," said Rep. Steil. "I'm working to write clear rules for innovators in the US that support competition, prevent fraud, and give investors certainty."
According to a report by Reuters, industry leaders convened at President Donald Trump's White House crypto summit on March 7, 2025, to discuss regulatory clarity and the government's role in digital assets. Trump outlined his plan to create a federally controlled reserve of seized cryptocurrency, emphasizing that it would not impose costs on taxpayers. The event featured prominent figures such as Coinbase CEO Brian Armstrong, MicroStrategy's Michael Saylor, and the Winklevoss twins.
Rep. Bryan Steil's post
| X
Steil has been appointed to lead the Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence in the 119th Congress by House Financial Services Chairman French Hill (AR-02). Previously, Steil served on the Subcommittee on Digital Assets, Financial Technology, and Inclusion during the 118th Congress and is currently serving his fourth term on the Financial Services Committee. The subcommittee will oversee issues related to digital assets, cryptocurrencies, stable assets, central bank digital currencies (CBDCs), financial technology (fintech), mobile device transactions, and artificial intelligence technologies.
The White House reported that President Trump signed an Executive Order on March 6, 2025, establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile. This reserve will treat bitcoin as a reserve asset capitalized with forfeited bitcoin from criminal or civil asset forfeiture cases. Additionally, the U.S. Digital Asset Stockpile will hold other digital assets obtained through similar forfeiture proceedings. The government will not acquire more assets for the stockpile beyond those obtained through forfeiture and aims to manage these digital assets under the oversight of the Department of Treasury.
Steil represents Wisconsin's First Congressional District and oversees federal election law, House operations, and Capitol Security as Chairman of the Committee on House Administration. He previously served as Ranking Member of the Select Committee on the Economy.
