<p><span style="font-weight: 400;">White House AI and Crypto Czar David Sacks joined key Republican lawmakers in pledging to pass major <a href="https://www.dailywire.com/topic/cryptocurrency" target="_blank" rel="noopener">cryptocurrency bills</a> within President Donald Trump&#8217;s first 100 days while hinting at the possibility of a federal Bitcoin reserve.</span></p>
<p><span style="font-weight: 400;">At a press conference Tuesday, Senate Banking Committee Chairman Tim Scott (R-SC) said he <a href="https://decrypt.co/304397/crypto-markets-structure-stablecoin-bills-trump-100-days" target="_blank" rel="noopener">expects</a> both major stablecoin and markets structure bills to pass by the end of President Donald Trump&#8217;s first 100 days, putting the deadline less than three months away, according to a report by Decrypt.</span></p>
<p><span style="font-weight: 400;">Republican chairs of the House Financial Services Committee, Senate Banking Committee, House Agriculture Committee, and Senate Agriculture Committee unveiled plans for a bicameral working group to coordinate with Sacks.</span></p>
<p><span style="font-weight: 400;">One of the many crypto bills on the docket, according to the lawmakers, is the GENIUS Act, introduced by Sen. Bill Hagerty (R-TN), which would require monthly audits of stablecoin issuers&#8217; fiat reserves and impose criminal penalties for false reporting.</span></p>
<p><span style="font-weight: 400;">Stablecoins now represent a substantial share of the daily volume in digital asset exchanges. Because these tokens are commonly pegged to the U.S. dollar or other stable assets, reliable regulatory structures are seen by many as crucial to ensuring market stability.</span></p>
<p><span style="font-weight: 400;">Crypto has long been shunned by traditional financial institutions due to its unregulated nature, forcing many crypto companies to incorporate internationally in countries with a much clearer framework for operation.</span></p>
<p><span style="font-weight: 400;">Industry advocates have shown optimism that a clear legal framework might accelerate institutional partnerships between stablecoin providers and traditional financial institutions.</span></p>
<p><span style="font-weight: 400;">Sacks addressed this, saying, &#8220;Financial assets are destined to become digital … and we want that value creation to happen in the United States.&#8221;</span></p>
<p><span style="font-weight: 400;">Sacks also addressed rumors of a Bitcoin strategic reserve, given President Trump&#8217;s Monday executive order establishing a U.S. sovereign wealth fund, which often features Bitcoin in other countries.</span></p>
<p><span style="font-weight: 400;">Sacks deferred this question to the newly-announced bicameral crypto committee, saying that the sovereign wealth fund was &#8220;a little separate&#8221; from any consideration of a Bitcoin reserve, but left open the possibility of further White House action on the matter.</span></p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

White House, GOP Leaders Pledge Major Crypto Bills In First 100 Days

CONTINUE READING

Trump’s ‘Economic Fury’ Hits Iran Hard. A Shadow Fleet Keeps The Oil Flowing.

Republicans Revolt And Hand Dems Stunning Win Against Trump’s Redistricting Push

Matt Walsh’s Idea For Foreign-Born Lawmakers Makes It To The House Floor

Judge Rules On Cameras In Charlie Kirk Murder Trial

Trump Announces Ceasefire In Russia-Ukraine War

Prayer Mats. Gender Dividers. Quran Readings. Classroom Changes During Ramadan Paid For By Taxpayers

News

Artificial Intelligence

Bitcoin

Cryptocurrency

Economy

Politics

Trump Administration

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

White House, GOP Leaders Pledge Major Crypto Bills In First 100 Days