So, the Republican crew has finally decided to play “Let’s Make a Deal” with crypto. They’re rolling out a fancy bicameral working group to untangle the digital asset mess. 🕸️
In their quest to become the heroes of the crypto world, these lawmakers are all about stablecoins and market rules. They’re like the Avengers of financial regulation, minus the cool costumes. 🦸♀️
Breaking news: they announced this grand plan on Capitol Hill. It’s like the Oscars, but with more suits and fewer celebrities. 🏆
🚨 Chairman @RepFrenchHill: “In the 119th Congress, we have a bicameral project for both a stablecoins bill and a regulatory framework that will bring clarity to digital assets in the United States.”
Watch more📺
— Financial Services GOP (@FinancialCmte) February 4, 2025
This supergroup includes members from four major committees. It’s like the Justice League, but with more charts and fewer capes. 🦸♂️
Representative French Hill and his merry band of Senators are ready to shape the future of crypto. They’re drawing from old legislative drafts and probably some crayon doodles. 🖍️
They’re planning to build on the Financial Innovation and Technology for the 21st Century Act (FIT21), which sounds like a futuristic gym membership. 🏋️♂️
Senate Banking Chair Tim Scott wants to hustle these crypto bills through the Senate faster than a New York minute. 🏃♂️
And they’re already chatting with the Dems, because nothing says “bipartisan support” like a good old crypto debate. 🗣️
David Sacks, Trump’s crypto czar, is talking big about a “golden age” for crypto. Someone get this man a scepter and a throne! 🛋️
Oh, and he’s also eyeing a government Bitcoin reserve. Because why not? 🏦
Trump’s executive order on Jan. 23 laid the groundwork for this crypto saga. Let’s hope it doesn’t end like “Game of Thrones.” 🗡️
If this working group succeeds, crypto firms might finally stop playing hide-and-seek overseas. Fingers crossed, everyone! 🤞
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2025-02-05 07:15