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WASHINGTON (Reuters) -U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers of congress would form a working group to develop policy favoring development of digital assets. New legislation will deliver "clarity for a regulatory framework," Hill said at a Capitol Hill news conference, joined by White House crypto and artificial intelligence czar David Sacks as well as other lawmakers.

Bitcoin’s short-term volatility can be misleading, says Kelly Kellam, arguing that long-term, it’s the least risky asset.

Frank Holmes compares Bitcoin to fine art, calling it more valuable than gold, Picasso, or Warhol.

Wyoming Sen. Cynthia Lummis sparked excitement by calling the move a “₿ig deal.”

Bitcoin is on track for $500K, says Gryphon CEO Steve Gutterman, dismissing short-term volatility.

(Bloomberg) -- Coinbase Global Inc. is urging US banking regulators to clarify or amend their positions in order to allow banks to offer custody and trading execution services for cryptocurrencies as well as clear the path for them to partner with the likes of Coinbase.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Commun

The crypto exchange's move comes amid a broader industry push to lobby lawmakers for a regulatory framework to support the sector's growth. Most traditional U.S. banks have steered clear of digital asset firms, citing lack of regulatory clarity. "For the last several years, U.S. bank regulators have unilaterally and undemocratically barred banks from offering crypto services," Coinbase Chief Policy Officer Faryar Shirzad said on social media platform X.