A key research branch of Senate Republicans is considering approaches to cryptocurrency, signaling a more cohesive policy position down the road.
On April 7, the Senate Republicans Policy Committee, or RPC, published a policy paper called „Cryptocurrency Goes Mainstream.” The RPC is effectively the research branch of the Senate Republican structure.
The details of the paper are in many ways a recap of many of the major events in crypto of recent months, whether those be donations to Ukraine or crypto’s use by ransomware gangs. They are somewhat a response to a recent executive order from the Biden administration calling for a cohesive response to digital assets among regulatory agencies. But the paper’s existence is evidence that a broader swathe of Senate Republicans are at least seeing promise in the industry — emphasized by subheadings like „cryptocurrency grows up.”
„Republican lawmakers have called for preserving private sector innovation in the cryptocurrency industry as w
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