The U.S. Congress is actively engaging with the cryptocurrency industry, with the Digital Asset Subcommittee of the House Financial Services Committee set to hold its first hearing on 'Exploring Bipartisan Legislative Frameworks for Digital Assets' next Wednesday. Witnesses for the hearing include members of the Digital Chamber and other crypto industry experts. This comes amidst a backdrop of regulatory developments, including a new executive order from President Trump aimed at reshaping crypto policy and the relaunch of the SEC's Crypto Task Force to provide clearer regulations. Coinbase CEO Brian Armstrong has expressed support for these legislative efforts, emphasizing the need for clear crypto regulations to maintain U.S. leadership in blockchain innovation. Additionally, Armstrong has warned against memecoin launches that allow insider trading, stating such practices are illegal.