ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that U.S. Senator Tim Scott has just released a priority list for the 119th Congress, which includes the establishment of a digital asset framework.The document she shared stated: "Under Chairman Gensler's leadership, the U.S. Securities and Exchange Commission (SEC) has refused to provide clear guidance for the cryptocurrency industry, forcing relevant projects to move overseas. Looking ahead, the Commission will work to build a regulatory framework that establishes a dedicated path for the trading and custody of digital assets to promote consumer choice, education, and protection, while ensuring compliance with any relevant requirements of the Bank Secrecy Act. Additionally, the Commission will create an open and inclusive environment for new innovative financial technologies and digital asset products, such as stablecoins, that promote financial inclusion."

ChainCatcher news, U.S. Congressman Tom Emmer, who supports the cryptocurrency industry, stated: "I am honored to be selected as the Vice Chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion.With President Trump in the White House and Gary Gensler locked in the Washington dumpster, we have a tremendous opportunity to ensure that the future of digital assets is guided by Americans and aligned with American values. I look forward to working with Chairman French Hill, Chairman Bryan Steil, and other colleagues to create an environment where digital asset innovation can thrive."Previous news, U.S. House Financial Services Committee Chairman French Hill has appointed Tom Emmer as the Vice Chair of the Subcommittee on Digital Assets, Financial Technology, and Inclusion. He also nominated other Republican members to the committee.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that U.S. House Financial Services Committee Chairman French Hill has appointed Tom Emmer as the vice chairman of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee. He also nominated other Republican members of the committee.

ChainCatcher news, according to Xinhua News Agency, U.S. Vice President Harris announced during a joint session of Congress she presided over on January 6 local time that members of both the House and Senate officially certified the Electoral College vote count for the 2024 U.S. presidential election, confirming that Trump received 312 electoral votes and was elected as the next President of the United States, with Vance elected as the next Vice President.

ChainCatcher message, Ripple CEO Brad Garlinghouse posted on X: "Today, we welcome the 119th Congress in the United States------the most crypto-friendly Congress in history.The journey has just begun, but you can't deny that the entire industry is already vibrant and exciting. Let's get to work."

ChainCatcher news, according to Cointelegraph, in a financial disclosure report submitted to the U.S. House of Representatives on January 1, Congressman Mike Collins revealed that he purchased the token Ski Mask Dog (SKI), which is set to launch in May 2024, for an amount between $1,001 and $15,000.The report shows that between December 1 and December 3 (approximately one month after the U.S. elections), Mike Collins purchased the token three times, with each purchase amounting up to $15,000.It is currently unclear whether his investment is related to his electoral victory in Georgia's 10th congressional district, but during his tenure, he has disclosed purchases of Ether, Velodrome (VELO), Aerodrome Finance (AERO), and The Graph.

ChainCatcher news, according to Caixin, U.S. Treasury Secretary Yellen sent a letter to the U.S. Congressional leadership regarding the debt ceiling issue, urging Congress to take action to protect the credibility of the U.S. government. Yellen is expected to initiate extraordinary measures between January 14 and 23, and stated that the Treasury may reach a new debt ceiling during January 14-23.

ChainCatcher news, according to market news, U.S. Treasury Secretary Yellen has sent a letter to the U.S. Congressional leadership regarding the debt ceiling issue, urging Congress to take action to protect the credibility of the U.S. government. Yellen is expected to initiate extraordinary measures between January 14 and 23, and stated that the Treasury may reach a new debt ceiling during January 14-23.

ChainCatcher news, according to Watcher.Guru, the U.S. Congress is expected to prioritize cryptocurrency legislation in 2025.It is reported that after Donald Trump was elected president, he promised multiple times to support cryptocurrency. Key topics include the stablecoin bill and the FIT21 bill, which focus on regulatory frameworks and decentralization standards, respectively. Tax issues will be crucial, including adjustments to staking reward tax rules.

ChainCatcher news, according to Unusual whales monitoring, Republican Congressman Michael Collins from Georgia purchased $15,000 worth of the meme coin "Ski Mask Dog" and $15,000 worth of AERO.Subsequently, Michael Collins replied to the tweet with an emoji.

ChainCatcher message, led by Coinbase, states that the crypto advocacy organization Stand With Crypto claims there are currently 276 members of the House of Representatives supporting cryptocurrency in the United States.It is reported that the House of Representatives and the Senate together form the United States Congress, with the House having 435 members, and the number of representatives from each state determined by its population.The advocacy organization indicates that the crypto industry hopes to see the regulatory agencies of the Trump administration adopt more lenient regulatory measures. They also plan to push Congress to establish a new framework to help cryptocurrency become a more significant component of the financial system.

ChainCatcher news, former U.S. Congressman Ron Paul may join the Department of Government Efficiency (DOGE) and has been invited to contribute. Paul recently shared on X that Musk had sought his advice on the Department of Government Efficiency: "Elon Musk asked me to provide suggestions for the newly established Department of Government Efficiency. I am happy to help."

ChainCatcher News, the U.S. House of Representatives will address Congressman Mike Flood's recent statement: "Despite widespread opposition, SAB 121 continues to operate as a regulation, even though it has never gone through the normal Administrative Procedure Act process."Flood stated: "I look forward to working with the next SEC Chair to rescind SAB 121. Whether Chair Gary Gensler resigns on his own or President Trump fulfills his (promise to fire Gensler), the new administration has a tremendous opportunity to usher in a new era post-Gensler."He added: "Gensler's opposition to the bipartisan digital asset regulatory framework passed by the House earlier this year should come as no surprise. 71 Democrats joined House Republicans in passing this commonsense framework. Although the Democrat-led Senate refused to accept it, it represents a breakthrough moment for cryptocurrency and could inform the work of a unified Republican government when the next Congress begins in January."

ChainCatcher News, U.S. Congressman and Arkansas Republican French Hill stated in an interview that Republican SEC Commissioner Hester Peirce "may become the new acting chair of the U.S. SEC."Hill said, "We look forward to Trump's appointment of a new SEC chair, and after Gary Gensler steps down on January 20 next year, a Republican will become the acting chair of the SEC. That person could be Hester Peirce------she is very likely to become the acting chair of the SEC."Regarding Gary Gensler's announcement of his impending departure, Hill remarked, "Gensler has been quite disappointing for the crypto ecosystem." This is because Gensler has taken an "enforcement-first" approach, and "Gensler's views on the crypto industry are almost contradictory."Hill added that the SEC cannot address all the issues currently facing the U.S. crypto industry. Congress must work with the SEC to pass legislation to ensure fair enforcement of digital assets.

ChainCatcher news, the Department of Government Efficiency (DOGE) stated in a post on social media that the U.S. Congress has allocated up to $516 billion for projects with expired federal legal authorizations for the fiscal year 2024, of which approximately $320 billion (62%) corresponds to projects whose authorizations have expired for more than 10 years.

ChainCatcher news, according to The Block, based on the prediction of Standard Chartered analyst Geoff Kendrick, if the Republican Party successfully controls both houses of the U.S. Congress, the market capitalization of cryptocurrencies could reach $10 trillion by the end of 2026, a 300% increase from the current $2.7 trillion.Kendrick believes that a Republican-led government may bring friendly policies, such as easing regulations on stablecoins and adopting a more lenient stance at the U.S. Securities and Exchange Commission, which would be significant positives for Bitcoin reserves and more. Additionally, areas such as crypto gaming, tokenization, and decentralized IoT are expected to benefit from a more favorable policy environment.

ChainCatcher news, according to Fox Business, more than 250 cryptocurrency-supporting candidates have been elected to the U.S. Congress in the 2024 election.According to the latest data from Stand With Crypto, over 270 cryptocurrency-supporting candidates have secured congressional seats in this election.

ChainCatcher news, according to Cointelegraph, the Republican Party has gained control after securing key Senate seats in Ohio and West Virginia. The Republicans have obtained a majority control of the U.S. Senate, which brings a bright outlook for cryptocurrency regulation, as the Republican-led Senate is poised to introduce clearer cryptocurrency regulations, indicating that the U.S. will shift towards industry-friendly policies.It is reported that the U.S. Senate may ultimately clarify cryptocurrency regulatory provisions, and the new Senate may review delayed business-friendly bills, such as the Digital Commodity Consumer Protection Act, which would grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading.

ChainCatcher news, according to Bloomberg, the battle for control of the U.S. Congress has surpassed $10 billion, as the two major parties vie for significant influence over taxes, spending, and the implementation of the next presidential agenda. According to data from OpenSecrets, this astonishing historic figure is eye-catching, exceeding the intense spending of presidential elections.This massive funding reflects enormous interests. Control of Congress is crucial for economic policy. The 2017 tax law will expire next year, and trillions of dollars in tax provisions will face re-examination. The Senate can block the appointment of key financial industry regulators. Legislative battles over prescription drug prices, cryptocurrency regulation, energy, artificial intelligence, and social media are brewing.