Key lawmakers, including House Financial Services Committee Chairman French Hill and Digital Assets Subcommittee Chairman Bryan Steil, have supported President Trump's recent Executive Orders on digital financial technology. They praised the administration's commitment to maintaining U.S. leadership in the global digital asset sector and highlighted the importance of the newly established President's Working Group on Digital Asset Markets. The lawmakers criticized the enforcement-focused approach of former SEC Chair Gary Gensler and stressed the need for clear and supportive regulations to encourage innovation while protecting consumers and investors. They also expressed opposition to the issuance of a central bank digital currency in the United States due to concerns about financial privacy. The lawmakers are optimistic about working closely with the administration to advance the legislative framework for digital assets.



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