PANews reported on January 25 that according to Crowdfund Insider, U.S. Congressmen French Hill and Bryan Steil expressed support for the executive orders on digital assets and artificial intelligence signed by President Trump. They said that these executive orders will ensure the United States' international leadership in the field of digital financial technology and promote collaboration among Congress, officials and relevant agencies to establish a reasonable regulatory framework for digital assets.
The two lawmakers also reiterated their opposition to the issuance of central bank digital currencies (CBDCs), believing that the private sector is better suited to achieve the goal of a digital dollar by issuing dollar-based stablecoins. They said they would work with the Trump administration to promote legislation to provide clearer regulation and protection for consumers and businesses.
