The DC Blockchain Summit showcased significant developments in cryptocurrency policy with key political figures from both sides of the aisle. House Representatives Bryan Steil and French Hill are set to introduce the STABLE Act, closely aligned with the Senate's GENIUS Act concerning stablecoin regulation. Notable speakers included senators and financial industry leaders discussing the future of digital currencies, notably stablecoins. Trump’s potential influence in pushing for stablecoin legislation was hinted at, with expectations of new executive orders related to crypto. Discussions also focused on how the US government holds digital assets, with Senator Lummis advocating for transparency from the US Marshals Service regarding security practices. Meanwhile, the SEC, under acting chair Mark Uyeda, has refrained from introducing new rules, indicating a slower regulatory pace until Paul Atkins is confirmed as the chair. The urgency of these discussions reflects the rapidly evolving landscape of cryptocurrency regulation and its implications for the financial market.

Source 🔗