The US Congress is preparing for a new push on cryptocurrency legislation next year, 2025, in what is expected to be the most crypto-friendly Congress yet.
This expectation is high due to Donald Trump’s big victory in the presidential election and his promising support for cryptocurrencies. While it may take a few months for lawmakers to settle in, experts expect they will act quickly afterward.
Stablecoin invoice
In recent years, lawmakers have attempted to pass stablecoin legislation, with House Financial Services Committee Chairman Patrick McHenry (R-N.C.) and Rep. Maxine Waters (D-Calif.) working on a regulatory framework since 2022.
Although their bill passed the House Financial Services Committee last year, it failed due to disagreements. A key issue was a provision allowing government regulators to approve stablecoins without Federal Reserve involvement. Waters called the bill “profoundly…”
