The crypto industry will have the opportunity to make that claim to the US Congress

The crypto industry will eventually step in during a digital assets-focused hearing before the House of Representatives Representatives subcommittee on Tuesday, and to set legal standards for US digital asset companies. I had the opportunity to make a full appeal to Congress.

Under the title of the Republican-led subcommittee, “The Golden Age of Digital Assets,” industry representatives were invited to hearing with momentum at all levels of the federal government, including the White House, where Emperor Crypto first spoke. It appeared. The phrase “Golden Age.” Just two years after the collapsed code lenders and FTX's criminal collapse in 2022, the industry proves its sharp recovery with clearly slates of lawmakers being mounted for the laws it has been seeking. I'm doing it.

“We'll make the course right by creating a viable pathway for responsible digital asset companies to set up operations in the US under the Trump administration,” said Small, a derivative of House finance. said Brian Steele, a Wisconsin Republican who chairs the committee. Service Committee.

Republicans on the panel condemned former President Joe Biden's administration's “unpredictable and hostile approach” to codes (as Steil said). Exchange Committee. But the industry's sacred holy grail is a widespread bill like that passed by the House of Representatives in the previous session of Congress.

“There are many issues we'll be discussing in the coming years, but we need to move on and put that basic foundation into place,” says Jonathan Jachym, lawyer and head of global policy at Exchange Kraken, USA. states.

Among the witnesses at the hearing was when Timothy Massad, former chairman of the Commodity Futures Trade Commission, first flagged Bitcoin (BTC) as a commodity. He said that CFTC and SEC should be experts and agents' leaders who need CFTC and SEC, so he doesn't push details hard on lawmakers when writing laws for digital asset market structures. I warned him. To solve the technical aspects.

This was the first hearing of the digital assets panel in this new council, but other committees in both rooms are delving into issues with a lot of code-heavy issues such as stripping off. Earlier on Tuesday, Federal Reserve Chairman Jerome Powell agreed that leaving the game is a matter worth exploring, and that the Fed won't chase central bank digital currencies with its watch did.

While Republicans and industry witnesses have beaten the Biden administration's track record, Dems has had the opportunity to criticize President Donald Trump for accepting his personal interests by supporting Memocoin$Trump. It could violate constitutional provisions for federal employees seeking benefits from their offices.