The U.S. House Financial Services Committee highlighted an op-ed by Chairman French Hill and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil calling for Congress to enact digital asset legislation and set out a policy agenda covering stablecoins, token issuance, trading platforms, and anti-money-laundering safeguards. The op-ed argues that the lack of clear federal rules has left limited compliant pathways for the sector and should be addressed through fit-for-purpose regulation that pairs innovation with consumer and national security protections, including against money laundering and terrorist financing. Hill and Steil list priorities including a federal framework for dollar-denominated payment stablecoins, clarity for the initial sale and distribution of tokens, pathways to register centralized platforms for token trading, and measures to support fair competition; they also point to a House-passed bipartisan digital asset framework bill from the previous Congress and a Committee discussion draft on payment stablecoins. They say a newly formed Bicameral Working Group for Digital Assets will coordinate with Senate committee leadership, the Trump Administration, and financial regulators to advance legislation.
U.S. Financial Services Committee 2025-02-19
U.S. House Financial Services Committee leaders urge Congress to advance digital asset legislation and a stablecoin framework
The U.S. House Financial Services Committee highlighted an op-ed by Chairman French Hill and Subcommittee Chairman Bryan Steil urging Congress to enact digital asset legislation. It calls for a federal framework for stablecoins, clarity on token issuance, and pathways for registering trading platforms, alongside anti-money-laundering safeguards. A Bicameral Working Group for Digital Assets will collaborate with Senate leaders and regulators to advance these efforts.