Crypto Policies in Washington’s Spotlight This Week: SEC Roundtables, Stablecoin Frameworks, Biden-Era Bills

• The U.S. is planning to establish a crypto strategic reserve consisting of Bitcoin, Ethereum, XRP, Solana, and Cardano.
• The SEC and CFTC are yet to confirm Donald Trump’s respective chair nominations.
• The first-ever White House crypto summit will take place on Friday after a week of congressional pro-crypto activity.

President Donald Trump’s pro-crypto administration is finally coming together as a series of important digital asset developments and discussions are set to take place this week.

With roundtables, meetings on stablecoins as well as important votes to reverse Biden-era laws, expectations are high for pro-crypto policy advances.

U.S. Crypto Regulation

By March 6, the U.S. Senate is expected to vote on repealing two crypto bills from the Biden era.

Of these, the Internal Revenue Service’s (IRS) decentralized finance (DeFi) Broker Rule mandates that DeFi platforms report certain tax-related transaction data, treating them as “brokers.”

Republicans and some bipartisan supporters believe these rules stifle DeFi innovation through cumbersome paperwork, result in privacy erosion, and other negative outcomes.

The Consumer Financial Protection Bureau (CFPB) Digital Payment Rule, grants government oversight into payment apps in digital wallets, including transactions.

This rule has been linked to hindering adoption and innovation by classifying crypto as “funds” under consumer protection laws, resulting in higher compliance burdens.

Critics of the rule argue that it overextends federal authority over crypto and financial technology (FinTech) overall.

Further U.S. crypto developments are expected as Trump nominates Jonathan McKernan to become the next CFPB Director.

Stablecoin Progress

The Congressional Crypto Caucus was launched on March 3, 2025, with GOP House Majority Whip Tom Emmer and Congressman Ritchie Torres heading up the bipartisan initiative.

The group will work as a coordinated voting bloc focused on legislative efforts in the digital asset space. This will include laying the groundwork for the stablecoin-centric GENIUS Act and the “Keep Your Coins Act,” which pertains to the protection of self-custody rights.

The Senate Banking Committee, House Financial Services Committee, and others may hold roundtables and informal meetings throughout this week to discuss amendments to these bills.

In addition, the National Credit Union Administration (NCUA) is scheduled to have its first crypto roundtable on March 4.

A couple of days later, on March 6, the Commodity Futures Trading Commission (CFTC) will also hold a CEO roundtable on tokenized assets.

The discussion is expected to focus on how stablecoins can be leveraged as collateral in futures markets.

White House Crypto Summit

The summit, set for March 7, 2025, will be led by AI and Crypto Czar David Sacks and administered by Bo Hines, the Executive Director of the crypto working group.

Though this isn’t specifically a congressional event, it does tie off a week of crypto activity with President Donald Trump’s first-ever crypto summit.

Newly appointed members and heads of various government agencies will likely be in attendance, as will “prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” – which was established through executive order in January 2025.

Trump’s pledge to become the crypto capital of the world appears to be off to a roaring start. So far, Trump has made good on almost all of his pledges to the U.S. crypto industry.