Representatives Bryan Steil and Dusty Johnson have introduced a House resolution voicing support for digital assets.
Digital assets, or crypto, cover a broad range of assets, including digital securities and commodities, stable assets, or assets with other types of value. The Resolution states:
- Whereas entrepreneurs and innovators are building and deploying this next generation of the internet;
- Whereas digital asset networks represent a new way for people to join together and cooperate with one another to undertake certain activities;
- Whereas digital assets have the potential to be the foundational building blocks of these networks, aligning the economic incentive for individuals to cooperate with one another to achieve a common purpose;
- Whereas the digital asset ecosystem has the potential to grow our economy and improve everyday lives of Americans …
- and more.
Steil is the Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. Johnson is the Chairman of the House Committee on Commodity Markets, Digital Assets, and Rural Development. The Resolution aligns with the Trump Administration’s goal of introducing the golden era of crypto.
Representative Steil stated:
“Digital Assets have significant unrealized potential. I am excited to join Congressman Dusty Johnson in formally recognizing the need for Congress to take meaningful action to build a regulatory environment that fosters innovation, protects consumers from fraud, and encourages the development of digital asset technology in the United States.”
Johnson said he anticipates bringing regulatory clarity to the digital asset sector working with Steil.
The Resolution, which is non-binding and just an indication of intent, is in stark contrast to the last four years of the Biden administration which was anti-digital asset innovation – to the point of debanking firms and individuals and undermining America’s position into the nascent sector.