Crypto is located in the spotlight, where members of the Financial Services Committee in the US House of Representatives met this week to address the regulation reform. In Centerstage is only the US President himself, Donald Trump, and his various associations and projects in encrypted currency and Defi. Legionships from both sides of the corridor now call for clearer rules.
According to Fox Eleanor TeretThe committee session revealed strong support from the two parties for the updated disclosure requirements on digital assets.
Republicans and Democrats find a common basis for encryption rules
Both political parties have agreed that the creation of a framework for digital assets will not only help the encryption industry, but also in other sectors affected by encrypted currency technology.
Witnesses indicated in the hearing that the application of the current securities and stock exchange committee for the Howwey Digital Assets does not work well in secondary market transactions.
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More than ever, it seems that there is more consensus than the two parties that there is an urgent need for organizational clarity and updated detection systems about digital assets.
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Eleanorterrett April 9, 2025
One of the senior legislators said at the meeting: āWe need to stop relying on the courts to determine our financial future.ā This payment for legislative clarity comes after years of companies and investors working in the event of organizational uncertainty.
Trump’s encryption projects raise concerns among legislators
The work of the committee faces complications: US President Trump and him Family participation In encrypted currency projects.
According to reports, Trump and First Lady Melania Trump are linked to the launch of Mimi and the Defi project called The world is financial freedomThe recently released Stablecoin is called USD1.
Total crypto market cap at $2.5 trillion on the daily chart: TradingView.com
According to what was reported, these projects produced at least $ 800 million as fees for entities associated with the president. Some Republicans admitted during the hearing that the Trump family’s participation with Metal coins and Stablecoins āmake the work more complicatedā.
The situation creates an unusual dynamic as the president’s interests can affect the regulations that his administration may help form.
The new SEC chair may indicate a transformation in the organizational approach
Paul Atkins recently won the Senate as the Speaker of the Committee for the Securities and Stock Exchange with a vote 52-44. Many pro -Karvato legislators believe that this change changes as a point that turns after they describe it as years of regulatory networks.
However, others feel anxious, noting that long -term organizational clarity depends more on whether Congress enacted more than legislation than the Supreme Education Council. The committee appears to be determined to develop legislation that will express more clearly when digital assets are goods.
Photo illustration by Salon/Getty Images
Trump promotes coins
Meanwhile, Trump was You are promoting an encrypted currency As a large batch of symbols, approach release. Next Monday, April 17, about 40 million Trump digital coins ā which are worth more than $ 300 million ā will be available for sale for the first time since the symbol appeared in January. Holders of a company connected to the Donald J
Do not conflict with interests?
last Trump currencies (TROMPUSD) will be presented gradually under a three -year opening schedule that gives 800 million symbols in total.
According to Anna Kelly, a member of the White House press secretary, Trump’s origins are in a box running his children. And that there is āany conflict of interests.ā
Distinctive image from Jonathan Raa/Nurphoto via AP, tradingView graph
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