🇺🇸CONGRESS AND SEC UNITE ON CRYPTO—LEGISLATION COMING IN 6 MONTHS

For the first time in history, all 4 congressional committees that regulate crypto—Senate Banking, House Financial Services, Senate Agriculture, and House Agriculture—are aligned on legislation.

David Sacks led a press conference with Senate and House committee chairs confirming a legislative framework is coming this year.

At the same time, the SEC is shifting its focus, with a reported internal reshuffle moving over 50 attorneys out of crypto enforcement.

The GENIUS Act, introduced by Senate Banking Chair Tim Scott, aims to create a federal Stablecoin framework with clear licensing and oversight.

The Trump administration is also studying a potential Bitcoin reserve, signaling a seismic shift in U.S. digital asset strategy.

This is the most aggressive pro-crypto move from a U.S. administration—regulations could be finalized within 6 months.

Source: Ropes and Gray, Forbes,