US lawmakers form working group to draft crypto rules as Bitcoin reserve plan gains traction

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US lawmakers announced the formation of a working group on Tuesday, tasked with drafting a comprehensive regulatory framework for digital assets and stablecoins.

The announcement was made during a press conference featuring White House Crypto and AI Czar David Sacks, alongside key congressional leaders, including Senate Banking Committee Chair Tim Scott, Senate Agriculture Committee Chair John Boozman, House Financial Services Committee Chair French Hill, and House Agriculture Committee Chair G.T. Thompson.

The formation of the working group comes as the Trump administration intensifies its focus on digital assets.

One of the key initiatives under consideration is the creation of a national Bitcoin reserve.

“That is one of the first things we’re going to look at as part of the internal working group in the administration,” Sacks said during the press conference.

Although the proposal is in its early stages, it reflects the administration’s strategic interest in positioning Bitcoin as part of the national economic landscape.

Lawmakers have been working to regulate stablecoins and digital assets for years, with recent momentum building in the Senate.

Senator Bill Hagerty introduced a bill today to establish a clear regulatory framework for stablecoins, including guidelines on whether issuers will be overseen by federal or state authorities.

According to Hill, the House’s forthcoming stablecoin legislation will closely mirror the Senate’s approach, signaling a path toward bipartisan cooperation.

The working group, which includes representatives from the Treasury Department, Justice Department, SEC, and Commodity Futures Trading Commission (CFTC), will submit regulatory recommendations and potential legislative proposals within six months.

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