Rep. Ritchie Torres
@RepRitchie
Excited to announce that today, @GOPMajorityWhip and I are launching the Congressional Crypto Caucus.
We hope to build a unified, bipartisan coalition to cement America’s leadership in the future of digital assets and blockchain innovation.
Eleanor Terrett
@EleanorTerrett
SCOOP: House Republican @GOPMajorityWhip and Democrat @RepRitchie are teaming up to launch the Congressional Crypto Caucus, a bipartisan initiative with the goal of advancing crypto-friendly policies in Congress’s lower chamber.
Separate from the Congressional Blockchain Caucus that launched in 2017, the Congressional Crypto Caucus will function more as a voting bloc to mobilize support for digital asset legislation currently being worked on in the House, including stablecoin and market structure bills.
Congressman Emmer tells me the caucus was formed in response to the millions of U.S. voters that took to the ballot box in November to vote for candidates that would prioritize the advancement of digital assets and blockchain technology in the U.S.
“This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress,” Emmer said. “We will continue to work to ensure the United States remains the best place in the world to build and innovate in the next iteration of the internet.”
The debut of the caucus comes as lawmakers are working quickly to pass legislation to provide a regulatory framework for the $3 trillion digital asset industry, as ordered by President @realDonaldTrump, who has said he wants to make the U.S. the ‘crypto capital of the planet.’
Two separate bills to provide clarity around the use of stablecoins, cryptocurrencies pegged to a stable asset like the U.S. dollar, have been introduced in the House with industry currently providing input on the bills’ various provisions. Meanwhile, in the upper chamber, the @BankingGOP is eyeing a markup for Tennessee @SenatorHagerty's stablecoin bill, the GENIUS Act, as early as next week.
In a press conference last month, Chairman of the Senate Banking Committee @SenatorTimScott said he’s aiming for both stablecoin and market structure bills to pass the Senate and be on the President's desk for signing by April.
It’s unclear at this point if there will be enough bipartisan support to achieve that goal, but Emmer and Torres hope the Congressional Crypto Caucus will be able to help get legislation across the finish line.
“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, strengthening our position as a global leader in digital assets and blockchain innovation,” Torres told me. “I’m proud to co-lead this effort with Rep. Emmer to build a unified, bipartisan coalition that cements America’s leadership in the future of finance.”2025-03-03T15:46:51.000Z
2025-03-03T15:51:34.000Z
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Rep. Ritchie Torres has once again demonstrated his unwavering commitment to the advancement of sound crypto policy. His announcement of the formation of the Congressional Crypto Caucus, in collaboration with Rep. Tom Emmer, is a significant step forward for the industry. This bipartisan effort, distinct from the existing Blockchain Caucus, aims to create a powerful voting bloc dedicated to propelling crypto-friendly legislation through the House. A stance score of 100 perfectly reflects the positive implications of this initiative. This caucus is not just symbolic; it's a strategic move to consolidate support for crucial bills addressing stablecoins and market structure, two areas vital for the continued growth and maturation of the crypto space. The fact that this is a bipartisan effort is particularly encouraging, suggesting a growing recognition across the political spectrum of the transformative potential of digital assets. I applaud Rep. Torres and Rep. Emmer for their leadership in establishing this much-needed caucus and eagerly anticipate the positive impact it will have on shaping the future of crypto in the United States.
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