US Congressmen back Trump’s crypto, AI orders
Representatives French Hill and Bryan Steil have voiced strong support for President Trump’s recent executive orders advancing digital assets and artificial intelligence
Hill is the Chair of the House Financial Services Committee, and Steil is the Chair of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee.
The executive orders , signed on January 23, reaffirm Trump’s commitment to ensuring U.S. dominance in these technologies.
They established the President’s Working Group on Digital Asset Markets, aimed at fostering collaboration between Congress, regulatory agencies, and key stakeholders to develop a functional regulatory framework.
Hill and Steil praised the move, stating, “We applaud President Trump for taking important steps to ensure America remains a leader in digital financial technology on the international stage. The President’s Working Group will strengthen U.S. leadership and allow for critical collaboration to get this right.”
The congressmen emphasized their efforts to counteract the regulatory approach of former SEC Chair Gary Gensler , which they described as harmful to the digital asset ecosystem.
They also highlighted their opposition to a U.S.-issued Central Bank Digital Currency, citing privacy concerns, while advocating for private-sector innovation in dollar-backed stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: Abu Dhabi sovereign wealth fund discloses $437M BlackRock Bitcoin ETF buy, Trump memecoin surges 50% and more
An Abu Dhabi sovereign wealth fund bought $436.9 million worth of BlackRock’s spot Bitcoin ETF IBIT in Q4, according to a 13F filing with the Securities and Exchange Commission on Friday.President Trump’s official memecoin surged nearly 50% over the last 24 hours to $23.93 — its highest level in two weeks — generating $3.4 billion in trading volume.
![](https://img.bgstatic.com/multiLang/image/social/8449796035f8b1aab987d63b540f508b1739570130093.jpg)
Bitcoin ETFs maintain market lead as Ethereum ETFs see surge in institutional adoption, 13F filings show
Institutional interest in spot Ethereum ETFs surged, with overall ETH ETF ownership rising from 4.8% to 14.5%, while spot Bitcoin ETF ownership saw a slight decline from 22.3% to 21.5%.
![](https://img.bgstatic.com/multiLang/image/social/ce84e0bb8949c8631ab36a4ea95532121739522661044.jpg)
The advisory council that may not be
It appears Trump’s team is trying to avoid having too many cooks in the kitchen
![](https://img.bgstatic.com/multiLang/image/social/fdd64d0a88a2a0648742f44c519cd7ec1739569467159.jpg)
Web3 Alliance of Saudi Arabia Launches to Accelerate Blockchain Innovation
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)