On the House side, lawmakers passed a bipartisan bill to create a working group dedicated to developing legislative and regulatory proposals aimed at combatting the illicit use of digital assets by voice vote. And at a House Financial Services Hearing, Chair McHenry and Majority Whip Tom Emmer asked witnesses about how blockchain technology could improve AI. On the Senate side, a committee advanced a bill to prohibit Members of Congress, the Vice President, and President from trading or owning certain investment assets – including digital assets – while serving in public office. Meanwhile, political discussion around allowing the Fed to hold bitcoin on its balance sheet appears to be gaining traction.
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