C4C | 02-07-25 AM: Congress Forms Crypto Group (4 wards)

In a move that has the crypto world buzzing, U.S. Representative French Hill announced the formation of a bipartisan working group dedicated to fostering the growth of digital assets. This initiative aims to craft clear policies and regulations to support the burgeoning crypto industry. 

The announcement featured White House crypto and AI czar David Sacks, underscoring the administration's commitment to positioning the U.S. as a leader in the digital asset space. President Trump has previously ordered the creation of this group to propose new regulations and explore a national cryptocurrency stockpile, signaling a significant shift from the previous administration's more cautious approach.

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Fun Fact Of The Day

The U.S. Congress has historically been slow to adopt new financial technologies, making this swift move into the crypto space particularly noteworthy.