Congressman Tom Emmer and Congressman Ritchie Torres have announced the formation of the Congressional Crypto Caucus, a nonpartisan initiative aimed at supporting digital asset innovation and regulatory clarity in the United States. The caucus will serve as a unified voting bloc in Congress, advocating for policies that promote open, permissionless, and private financial technology.

The Congressional Crypto Caucus is distinct from the Congressional Blockchain Caucus, which was established in 2017. While the earlier caucus focused on broader blockchain technology discussions, the new initiative will function as a mobilized voting group to advance critical digital asset legislation, including stablecoin regulations and market structure bills currently under consideration in the House of Representatives.

According to Congressman Tom Emmer, the caucus was formed in response to the growing demand from American voters who want to see greater support for cryptocurrency and blockchain technology. “This Caucus serves as an ideologically unified, nonpartisan group of members that can quickly mobilize to support key digital asset initiatives in Congress,” Emmer stated. “We will continue to work to ensure the United States remains the best place in the world to build and innovate in the next iteration of the internet.”

The announcement comes as lawmakers push for new crypto regulations to govern the $3 trillion digital asset industry. President Donald Trump has emphasized making the U.S. the global leader in cryptocurrency, urging Congress to establish a clear regulatory framework.

Currently, two separate stablecoin bills are under review in the House, with industry stakeholders providing input on various provisions. Meanwhile, the Senate Banking Committee is considering Tennessee Senator Bill Hagerty’s GENIUS Act, a bill focused on stablecoin regulations, with a potential markup expected as early as next week.

Senate Banking Committee Chairman Tim Scott has expressed his intent to have stablecoin and market structure bills approved by the Senate and ready for the President’s signature by April.

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However, securing bipartisan support remains a challenge. Emmer and Torres believe the Congressional Crypto Caucus will play a crucial role in navigating the legislative process and ensuring the passage of key digital asset regulations.

“The Congressional Crypto Caucus will be a driving force in advancing policies that foster innovation, protect consumers, and ensure that cutting-edge technology can thrive in the United States,” said Congressman Ritchie Torres. “I’m proud to co-lead this effort with Rep. Emmer to build a unified, bipartisan coalition that cements America’s leadership in the future of finance.”

As the regulatory landscape continues to evolve, the Congressional Crypto Caucus aims to be a pivotal force in shaping crypto-friendly policies that strengthen the U.S. position as a global leader in digital assets and blockchain technology.