The two parties’ decision urges a clear regulatory framework for encryption and Blockchain

February 7, 2025 – (Washington) A coalition of two parties of the legislators presented a decision in the US House of Representatives who are defending a clear organizational framework for Blockchain technology and digital assets. On February 5, the proposal was announced by the Chairman of the Subcommittee of the Parliament in the House For financial services in the House of Representatives, with a member of the classification Richie Torres (D-Ny).

The decision highlights the economic capabilities of digital assets and the urgent need for organizational clarity, stressing that Blockchain can enhance transparency and efficiency in various sectors. Legislators have warned that without decisive action, the United States risked the loss of its innovative advantage in front of countries with more specific legal structures. Johnson stressed the need for a strong organizational framework, saying: “At the present time, the developers face uncertainty due to the gaps in the regulatory framework of commodities and securities. Digital assets need an organizational framework to flourish in America.”

Steel chanted this feeling, pointing to the significantly achieved potential of digital assets. He expressed his enthusiasm to cooperate with Johnson to create an organizational environment that feeds innovation while protecting consumers from fraud.

Davis emphasized Blockchain’s transformative capabilities, stressing, “Blockchain technology and digital assets are preparing to revolutionize industries, enhance our financial system, and provide fair access to financial services for all.” Torres strengthened the call for pre -emptive leadership, saying: “Blockchain technology and digital assets represent the future of innovation, economic growth and financial inclusion.”

The decision calls for Congress to create an organizational framework that balances innovation with consumer protection, while emphasizing the need for the United States to take a leading role in developing digital assets. The main goals, including improving the financial system, expanding access to digital financial services, and maintaining investor protection while adopting the decentralized nature of Blockchain technology. If it is yearned, this decision will indicate a major step towards the United States’ government’s commitment to enhance the innovation of digital assets while ensuring the necessary organizational guarantees.