Republican Commitment to Crypto Legislation: Republican lawmakers, including Senator Tim Scott and Representative French Hill, strive for substantial crypto regulation progress. They focus on FIT21, which has garnered bipartisan support, and seek a stablecoin bill to clarify regulatory frameworks ahead.
Challenges and Optimism in Crypto Policy: Despite challenges in stablecoin legislation due to federal and state authority debates, new leadership under Scott suggests a shift towards pro-crypto policies. Broad bipartisan support, including 71 Democrats backing FIT21, may reshape the U.S. Crypto landscape.