A new bipartisan group is forming in Congress to support regulations that favor crypto assets and blockchain technology.
The Congressional Crypto Caucus, led by Republican Tom Emmer and Democrat Ritchie Torres, will act as a voting bloc to push for crypto-friendly policies in the House of Representatives.
This caucus is separate from the Congressional Blockchain Caucus, which launched in 2017. While the earlier group focused on general blockchain education and policy discussions, the new caucus will take a more active role in passing key digital asset legislation.
Lawmakers are currently working on stablecoin and market structure bills, and the caucus will help gather votes to support them.
Per FOX Business journalist Eleanor Terett, Congressman Emmer, who spoke to her and reported on X, stated that the caucus was formed in response to millions of U.S. voters who supported candidates that prioritized digital assets and blockchain technology in the last election. Emmer also emphasized the importance of keeping the U.S. at the forefront of blockchain and digital asset innovation.
“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,” he said.
The formation of the caucus comes at a time when lawmakers are moving quickly to regulate the $3 trillion digital asset industry. President Donald Trump has made it clear that he wants the U.S. to become the crypto capital of the world.
Two bills focused on stablecoins—cryptocurrencies that are tied to stable assets like the U.S. dollar—have already been introduced in the House. Industry leaders are currently reviewing the bills and providing feedback.
Meanwhile, in the Senate, the Banking Committee is preparing to review the GENIUS Act, a stablecoin bill proposed by Senator Bill Hagerty of Tennessee. The review could happen as early as next week.
Per Terrett, Emmer and Torres believe the Congressional Crypto Caucus will play a key role in securing the votes needed to pass these laws. Torres expressed his confidence in the group’s ability to strengthen America’s leadership in blockchain and digital assets.
“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,” Torres said.
He added that he is proud to co-lead this effort with Emmer to build a strong, bipartisan coalition that shapes the future of finance.
