Fewer than 3% of Congress members currently own cryptocurrencies, according to official filings. This was revealed at the recent Blockchain Summit in DC, where federal officials and lawmakers from around the country gathered to discuss regulations and guardrails for digital assets. Federal agencies are taking action, including SEC Chair Paul Atkins and the Commodity Futures Trading Commission, to develop a regulatory framework for crypto. President Trump has prioritized digital assets as a key priority, following the signing of the bipartisan-supported GENIUS Act last year. Stablecoins, a type of cryptocurrency designed to keep a steady value, are typically pegged to assets like the US dollar and are supposed to be less volatile than other volatile digital currencies like bitcoin. However, there are concerns that they could drain money from banks and have an economic impact on the economy. There are also efforts to pass more laws, including the CLARITY Act, which is stalled in the Senate.