The Trump administration is pushing for new cryptocurrency regulations, making 2025 a pivotal year for digital assets. Congress is forming a bipartisan regulatory body focused on establishing clear rules for crypto. Key priorities include stablecoin legislation and the development of a national Bitcoin reserve.

Hester Peirce, recently appointed chair of the SEC's crypto task force, announced amendments to digital asset regulations. The task force, composed of influential members from both the House and Senate, aims to clarify crypto rules and advance the Financial Innovation and Technology for the 21st Century (FIT21) Act, with a particular focus on stablecoins.

Senator Tim Scott confirmed ongoing Senate efforts to regulate stablecoins, building on a new bill introduced by Senator Bill Hagerty. The bill, titled GENIUS, outlines governance guidelines and promotes innovation in U.S. stablecoins. Bipartisan cooperation aims to pass these measures within 100 days.

Reports indicate the SEC may downsize its crypto regulatory division, currently staffed by over 50 legal professionals. The administration is seeking to streamline regulations compared to previous policies, according to The New York Times. Peirce emphasized reviewing token classifications to pinpoint areas beyond the SEC's authority, stating that fraud outside its jurisdiction could be referred to other regulatory agencies.

These developments reflect the Trump administration's ambition to strengthen U.S. leadership in crypto innovation. Executive orders to establish a digital asset reserve and a sovereign wealth fund possibly including Bitcoin further underscore this commitment, as Bitcoin prices hover around $100,000.