Crypto Takes Center Stage as U.S. Lawmakers Push Forward with Digital Asset Legislation

WASHINGTON, D.C. — A powerful coalition within the U.S. Congress is making digital assets a legislative priority, signaling a major push to cement America’s leadership in crypto. David Sacks, recently appointed by President Donald Trump as the nation’s AI and crypto czar, emphasized his vision for “American dominance in digital assets” during a high-profile joint press conference on Tuesday.

Flanked by key congressional leaders, Sacks outlined an ambitious pro-crypto roadmap, hailing the sector as essential to U.S. innovation. “We are committed to ushering in a golden era for digital assets,” he declared, labeling cryptocurrency legislation as a “week-one priority” for the administration.

Following the press conference, Sacks spoke with CNBC, where he reinforced Bitcoin’s critical role in the financial system. Highlighting its unparalleled security and reliability, he described Bitcoin as the “original digital currency” and a vital hedge against inflation. “Bitcoin has never been hacked, never been compromised. That’s why it remains an excellent store of value,” he asserted when questioned about the necessity of government involvement in crypto.

Momentum for regulatory clarity is already building. Earlier Tuesday, details surfaced about a new Senate bill aimed at stablecoin oversight. Spearheaded by Senator Bill Hagerty, the proposed legislation seeks to balance regulatory authority between state agencies and federal bodies, notably the Federal Reserve and the Office of the Comptroller of the Currency.

Senate Banking Committee Chair Tim Scott confirmed that stablecoin regulations would be addressed as a priority. Meanwhile, House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn "GT" Thompson, and Senate Agriculture Committee Chair John Boozman all signaled their intent to advance broader market structure legislation. Lawmakers pointed to last year’s passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) as a foundation for upcoming efforts.

Hill noted that a new legislative package similar to FIT21 would move forward in tandem with stablecoin regulations in the House.

At the press conference, Sacks reiterated the importance of keeping digital asset innovation within the United States. “Financial assets are inevitably going digital, just like every other industry has,” he said. “We must ensure that this value creation happens here in America rather than being handed over to foreign markets.”

With bipartisan momentum and a clear strategic vision, U.S. lawmakers appear poised to shape the future of digital finance, reinforcing the nation’s standing as a global crypto hub.