After the re-election of President Donald Trump in the United States, crypto defense groups redirected their efforts to influential personalities in the two chambers of the Congress. These groups have described the current congress as the most pro-Crypto in history.
Ron Hammond, principal director of government relations at the Blockchain Association, told Cintelegraph that the Senatoric Banking Committee and the Chamber’s Financial Services Committee would play a central role in the development of pro-Crypto policies.
The member of the French Hill Congress was selected as chairman of the Chamber’s Financial Services Committee in December 2024 and is very critical of the regulatory approach within the framework of the previous administration.
After the appointment, Hill said that the introduction of a bill on the structure of the cryptography market in the first 100 days of the legislative session was a priority for the management of the GOP.
On January 24, the Government Supervisory and Reform House Committee launched an investigation into Operation Chokepoint 2.0 and sent letters to the leaders of the cryptographic industry and the contribution defense groups.
The chamber’s surveillance committee initiates a debanking investigation. Source: House surveillance committee
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The Senate Banking Committee
Senator Tim Scott, chairman of the Senatoric Banking Committee, is Pro-Crypto and has promised a radical reform of digital assets before the 2024 US elections.
Addressing an audience of the Bitcoin 2024 conference, Scott said that the former leadership of Securities and Exchange Commission (SEC) prevented pro-scriptto policies and had promised a change to American voters.
“We have to get rid of people who are on the way,” said Scott in Pro-Bitcoin (BTC) to voters in the summer of 2024. Scott also promised Bitcoin voters:
“The only thing I will absolutely guarantee will be to monitor your legislation, to pass the bank committee, and we will fight to make it a law in the United States of America.”
After Scott’s declaration, the Republicans won an electoral scan in November 2024, guaranteeing both the Congress Chambers, the presidential election and the popular vote.
Senators Cynthia Lummis, illustrated on the left, and Tim Scott, illustrated on the right, go up on stage during the Bitcoin 2024 conference: Senator Tim Scott
Senator Lummis appointed President of the Senate banks subcommittee on digital assets
Wyoming senator Cynthia Lummis was appointed by Scott to chair the Senate banks’ subcommittee on digital assets in January 2025.
Lummis said that the main objectives of the subcommittee included the adoption of the complete legislation of digital assets and the prevention of exceeding government regulation agencies.
The senator added that legislative initiatives would include a full bill on market structure, Stablecoin regulations and provisions for a Bitcoin strategic reserve.
The Lummis Senator Strategic Reserve Bill. Source: Senator Cynthia Lummis
Challenges and look to the future
Stand with Crypto, a group of advocacy and education of Crypto voters, told Cintelegraph that the current congress had a “mandate” to adopt a complete regulatory reform of cryptography. The group said:
“The 52 million users of crypto and innovators across America elected a historic Pro-Crypto congress in 2024-sending 278 pro-Crypto candidates to the House of Representatives and 20 to the Senate.”
Despite this, challenges remain, as cryptographic regulations can take a rear seat on more urgent political problems or refuges from anti-Crypto politicians.
Industry leaders and the cryptographic community have accused Democrats of being anti-Crypto and stifling the regulatory process.
Some of Crypto’s most vocal political opponents include Democratic Senators Elizabeth Warren, Dick Durbin and Californian representative Brad Sherman – who are all still in office after being re -elected in 2024.
Joe Doll, lawyer general of NFT Marketplace Magic Eden, also told Cintelegraph that the Republicans probably only had two years to adopt cryptographic legislation before the mid-term elections.
Historically speaking, mid-term elections tend to see the political pendulum swinging in the other direction and changing the balance of powers in the congress, Doll.
Current balance of powers in the House of Representatives of the United States. Source: American Room of Representatives
The lawyer said that the Republicans already had a thin majority in the House of American Representatives, which has narrowed to only three seats since Doll spoke in Cointelegraph in December 2024.
According to Doll, a blocked government hinders the adoption of pro-Crypto legislation in the United States.
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