WASHINGTON, D.C. — The U.S. House of Representatives and Senate are forming a joint working group to advance crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his aim is “ensuring American dominance in digital assets” in an appearance Tuesday at a joint press conference in Washington.

Alongside the chiefs of the congressional committees that will work on digital assets legislation, Sacks laid out a broad pro-crypto agenda.

“I look forward to working with each of you in creating a golden age in digital assets,” he said, calling crypto a “week-one priority for the administration.”

A part of the plan was already revealed earlier on Tuesday, when details of a Senate stablecoin bill emerged. Senator Bill Hagerty, a Tennessee Republican, wrote a bill to set up U.S. oversight of stablecoin issuers, splitting regulation between state agencies and federal watchdogs — specifically the Federal Reserve and the Office of the Comptroller of the Currency.

Tim Scott, the South Carolina Republican who now chairs the Senate B

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Author: Jesse Hamilton

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