Trump Is Pushing Crypto Hard. Congress Says It Will Get to It… Eventually.

The president signed an executive order promoting cryptocurrency, and the industry is eager for congressional action. “We haven’t brought that up as a lead agenda item,” one senator said.

Donald Trump coin

President Donald Trump’s meme coin has already generated billions of dollars on paper for his family. Andrew Harnik/AP

President Donald Trump – having recently introduced his own meme coin — is embracing an industry that he previously decried. Crypto companies are expressing renewed optimism that legislation clarifying industry regulations will finally be signed into law.

But even with Republican control of Congress, lawmaking may be off to a slow start.

“We haven’t brought that up as a lead agenda item, but we’ll continue to talk about it,” Senate Majority Whip John Barrasso told NOTUS.