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Republicans announce formation of bicameral crypto working group

Republicans have established a bicameral group focused on creating a regulatory framework for digital assets. This initiative highlights their commitment to stay updated with advancements in financial technology.

The working group comprises the House Financial Services, House Agriculture, Senate Banking, and Senate Agriculture committees, aiming to develop coherent legislation for cryptocurrencies and stablecoins.

Representative Glenn Thompson indicated the group may push forward with the Financial Innovation and Technology for the 21st Century Act, with plans to reintroduce previous legislation during the 119th Congress session.

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