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New Crypto Caucus in Congress
Representatives Ritchie Torres and Tom Emmer are launching the Congressional Crypto Caucus to push for crypto-friendly policies in the U.S. House of Representatives. Torres announced the initiative on March 3.
A Focus on Legislation
Unlike the existing Congressional Blockchain Caucus, which focuses on understanding blockchain technology, this new caucus aims to influence legislation. It will support bills on stablecoins and market regulations currently under discussion in Congress.
A key bill under review would regulate U.S. stablecoins—cryptocurrencies tied to the dollar.* Representatives French Hill and Bryan Steil introduced the bill on February 7, while Rep. Maxine Waters backed a similar proposal in 2024. Another market regulation bill, an improved version of FIT21, is also in the works.
Strong Crypto Advocates
Both Torres and Emmer have long supported the crypto industry. Torres backed FIT21, calling it a way to regulate digital assets, prevent fraud, and strengthen the U.S. as a financial leader. Emmer, the House Majority Whip, sees the Trump administration as an opportunity to shape digital asset policy with “American values.”
Crypto Momentum in Washington
The caucus launch comes amid growing government interest in crypto. On March 2, President Trump ordered the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in the U.S. strategic crypto reserve. He will also host a White House Crypto Summit on March 7 to discuss future regulations.
*Stablecoin: A type of cryptocurrency designed to maintain a stable value by being backed by a reserve asset like the U.S. dollar.
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