Trump’s AI, Crypto CZAR, Bitcoin, Bitcoin says are the top priorities

David Sachs, the first Amnesty International in the country and Crypto CZAR, held its first press conference on Tuesday along with four Congress leaders: Chairman of the Senate Banking Committee Tim Scott (R. SC), Chairman of the Financial Services Committee in the House of Representatives. Hill (R., Ark.), Chairman of the Senate Agriculture Committee John Bouzman (R., Arkins) and Chairman of the Agriculture Committee in the House of Representatives GT Thompson (R., PA.). Officials of a bilateral working group in charge of developing the regulation of digital assets, with the legislation to supervise Stablecoin and the market structure that leads the agenda.

The bags emphasized the need for clear rules, and criticized what he described as “four years of arbitrary claim and the persecution of encryption companies.” His statements targeted the SEC approach by the SEC application, which many encryption companies claim that innovation and created organizational uncertainty. He also dealt with concerns about “Debanking” – startups that are rejected were rejected from access to banking services – controversy last December by the adventurous capitalist capital, Mark Anderson, who accused the democratic legislators of “intimidating” the industry by pressing banks to cut ties with Crypto companies.

“This approach was leading this important technology in the future, and we want to maintain this innovation on the beach,” said Sachs, a former technological entrepreneur in South Africa. “This was one week of management priority, and we are excited because our counterparts in Congress are equally committed to ensuring American domination of digital assets.”

SACKS also stated that the digital asset market working group, which was created by President Trump, was preparing two weeks ago, preparing to assess the feasibility of “Bitcoin reserves”. However, the arrangement uses the term “digital asset stock”, which leaves the ability to include other encrypted currencies.

The press conference highlighted two draft laws that could form the backbone of the regulation of American encryption. One, which was presented on Tuesday by Senator Bill Hajri (R., Tenn.), Seeks to create a regulatory framework for Stablecoins. These new digital assets are designed to maintain a stable value by adhering to another asset, such as Fiat such as the US dollar or the commodity. About $ 226 billion is invested in Stablecoins currently, most of them exporters: Tether, based in El Salvador, and Circle, based in New York.

The legislation-sponsored by Senator Kirsten Gilbrand (D., New York), Tim Scott, and Cintia Lomes (R. According to a project obtained by Bloomberg, the draft law stipulates that Stablecoins is supported through the American currency, or reserve notes Federal, Treasury invoices, or proverb.

Stablecoin exporters will face strict transparency requirements, including the audited monthly reserve reports, with criminal penalties for wrong disclosures. Non -bank sources will fall under the supervision of the Currency Observer Office (OCC).

In addition, Franch Hill, President of House Financial Services, highlighted financial innovation and technology for the twenty -first century law (Fit21), a separate bill aimed at clarifying how to organize digital assets. Under the proposal, cryptocurrencies are tightly controlled by their developers or small groups of owners (perhaps like Binance’s BNBFor example) will be supervised by the Supreme Education Council, while decentralized symbols are widely like bitcoin and perhaps the ether It will fall under the commodity futures trading committee (CFTC).

“I think this draft law had the basics of what we will provide again at the 119th Conference. There may be some modest changes, but it had support from the two parties. Hill said:” Based on the organizational framework, this will be the approach that the house follows. ” Stablecoins, I think you will see us a bill that is very similar to the approach that was followed in the Senate, “he added, referring to the Hagerty proposal.