The United States will establish a bipartisan 'Crypto Assets Core Group' and the SEC will disclose the list of encryption working group members.

The U.S. Securities and Exchange Commission (SEC) officially announced the members of the encryption working group today and announced a series of Cryptocurrency roundtable meetings; on the House side, Republicans and Democrats are joining forces to establish the 'Congressional Cryptocurrency Core Group' to promote Cryptocurrency-friendly policies. (Background: Major move by the White House! Trump will host the 'First Cryptocurrency Summit' next Friday, is the market ready for a big move?) The U.S. Securities and Exchange Commission (SEC) established the 'encryption working group' promptly after Gary Gensler, the hawkish former chairman, stepped down when Trump took office, with Acting Chairman Mark Uyeda establishing the group and SEC Commissioner Hester Peirce, known as the 'encryption mom,' leading the group, dedicated to developing a 'comprehensive and clear regulatory framework' for encryption assets. The SEC today (4th) released the list of members of the encryption working group, which is composed of staff from the Office of the Acting Chairman and other departments and offices of the Commission, and these members will provide advice to the Commission on Cryptocurrency-related matters. Hester Peirce, who leads the working group, said, 'The encryption working group demonstrates deep expertise and active commitment and, with the help of other outstanding Commission staff and the public, will seek viable solutions to complex Cryptocurrency regulatory issues.' The list of SEC working group members includes a chief of staff, chief legal counsel, chief policy advisor, chief operating officer, and several senior advisors. Source: SEC SEC hosts a series of encryption roundtable meetings On the same day, the SEC also announced that it will hold a series of encryption roundtable meetings to discuss key areas of encryption regulation with industry participants. The theme of the first stage of the series of events titled 'Spring Sprint Toward Cryptocurrency Clarity' will kick off on March 21, with the first meeting focusing on 'How did we get here and how do we get out - defining the security state,' and previewing that it will be open to the public and live-streamed, with recordings to be released afterward. The 'encryption mom' Hester Peirce said, 'I look forward to leveraging the public's expertise in developing a workable Cryptocurrency regulatory framework, and roundtable meetings are an important part of our engagement with the public.' House establishes bipartisan 'Congressional Cryptocurrency Core Group' Additionally, according to Fox Business reporter Eleanor Terrett, last night, Republicans and Democrats in the U.S. House of Representatives are joining forces to establish the Congressional Crypto Caucus, initiated by House Republican Whip Tom Emmer and Democratic Representative Ritchie Torres. This bipartisan initiative aims to advance Cryptocurrency-friendly policies in the House of Representatives. Terrett explained that unlike the Congressional Blockchain Core Group established in 2017, the new Congressional Cryptocurrency Core Group will operate more as a 'voting bloc,' mobilizing support for digital asset legislation currently being drafted in the House (including stablecoin and market structure bills). Tom Emmer and Ritchie Torres later both retweeted to confirm the news. Emmer stated that the establishment of the group is in response to the voices of millions of American voters in November who voted for candidates prioritizing the development of American digital assets and blockchain technology. The core group is an ideologically unified, bipartisan member organization that can quickly mobilize to support key digital asset initiatives in Congress. We will continue to ensure that the U.S. remains the best place for global infrastructure and innovation in the next generation of the Internet. Last month, Senate Banking Committee Chairman Tim Scott announced his goal of getting both the stablecoin and market structure bills passed in the Senate and sent to the President's desk for signature by April. It is not yet clear whether there is enough bipartisan support to achieve this goal, but Emmer and Torres hope that the Congressional Cryptocurrency Core Group can help the legislation pass smoothly in the House of Representatives. Trump hosts the first 'White House Cryptocurrency Summit' on Friday Following the establishment of Cryptocurrency working groups and core groups by the SEC and Congress, echoing the action of the Trump administration to hold the first White House Cryptocurrency Summit this Friday (3/7). Trump is expected to speak at the summit, hosted by White House AI and Cryptocurrency czar David Sacks, with attendees including prominent founders, CEOs, and investors in the Cryptocurrency industry, as well as members of the President's Digital Asset Task Force. Eleanor Terrett revealed today that the White House has not yet issued official invitations and related notifications for the Friday encryption summit, with industry participants still awaiting invitations, and three industry executives she interviewed are expected to attend the summit. The White House's hosting of the encryption summit reinforces Washington's support for the Cryptocurrency industry, and Trump's announcement to include AltCoins such as XRP, SOL, and ADA in the Cryptocurrency strategic reserves. On Monday, the price of BTC surged, briefly returning to $95,000. However, with the looming trade war between the U.S. and Canada and Mexico, BTC fell below $84,000 earlier today, temporarily reported at $83,896, with a big dump of over 10% in the past 24 hours. Related reports: 'Encryption mom' Hester Peirce lists the 'Top Ten Priorities' of the SEC Cryptocurrency Working Group, revealing a new regulatory landscape in the U.S. TSMC's 'investment of k billion dollars' in the U.S. to build three wafer fabs and two advanced packaging plants, Trump: Can avoid semiconductor tariffs on Taiwan Why did Trump call for AltCoin reserves? Analysis: Using absurd proposals as bargaining chips to gain congressional approval to buy BTC Arthur Hayes pessimistic about Trump's establishment of BTC and AltCoin reserves: U.S. government is broke and just talk. This article was first published on BlockTempo, the most influential blockchain news media outlet.