The Republican Party in the United States has established a working group on cryptocurrency in both the House and Senate to promote regulatory frameworks and the legislative process for stablecoins

BlockBeats news, on February 5th, according to Cointelegraph, Republican leaders of the US House and Senate committees announced the establishment of a working group focused on developing a digital asset framework and legislation for stablecoins. At a press conference on February 4th, Arkansas Congressman and Chairman of the U.S. House Financial Services Committee, French Hill, announced that lawmakers from four House and Senate committees will form a "cross house working group" to advance the legislative process for digital currency regulatory frameworks and stablecoins. The committees participating in this group include the House Financial Services Committee, the House Agriculture Committee, the Senate Banking Committee, and the Senate Agriculture Committee.