Congressman Tom Emmer, a well-known advocate for the cryptocurrency industry, has been named Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
Committee Chairman French Hill made the announcement on January 14 as part of the House Financial Services Committeeās subcommittee assignments for the 119th Congress.
Emmer expressed his enthusiasm for the role in a January 15 X post, stating:
He added that he looks forward to collaborating with his colleagues to create a regulatory environment that supports innovation in the crypto sector.
The Digital Assets Subcommittee, established in 2023, oversees the development of cryptocurrencies, financial technologies, and AI applications in financial services.
In his announcement, Hill highlighted the divisionās mission to maintain the United Stateās leadership in technological innovation. The entity also prioritizes consumer and investor protections, optimizing regulations for community banks and ensuring regulatory agencies adhere to their statutory mandates.
The Minnesota Republican has consistently defended the crypto industry, actively opposing strict federal regulations on digital assets and proposing legislation designed to promote innovation and provide clarity for market participants.
Among his notable initiatives is the CBDC Anti-Surveillance State Act, which limits the Federal Reserveās ability to issue a central bank digital currency (CBDC) without Congressional approval.
The 63-year-old has also been an outspoken critic of outgoing Securities and Exchange Commission (SEC) head Gary Gensler, accusing him of regulatory overreach. He has previously referred to the Democratic appointeeās tenure as āthe most destructive and lawlessā in history.
This development comes even as the House and Senate are advancing their agendas in preparation for President-elect Donald Trumpās inauguration on January 20.
According to a January 13 report from The Washington Post, Trump plans to sign some crypto executive orders shortly after taking office. They will reportedly address issues like crypto de-banking and possibly repeal a policy that requires banks holding cryptocurrencies to list the assets as liabilities.
Recent initiatives, such as the formation of the Senate Banking Committeās first crypto division and Emmerās appointment, could be viewed as proof of the administrationās commitment to supporting the digital asset industry. Additionally, these moves align with Trumpās promise to establish the United States as the crypto capital of the world.
The post Pro-Crypto Congressman Tom Emmer Appointed Vice Chair of Digital Assets Subcommittee appeared first on CryptoPotato.
Committee Chairman French Hill made the announcement on January 14 as part of the House Financial Services Committeeās subcommittee assignments for the 119th Congress.
Appointment Details
Emmer expressed his enthusiasm for the role in a January 15 X post, stating:
He added that he looks forward to collaborating with his colleagues to create a regulatory environment that supports innovation in the crypto sector.
The Digital Assets Subcommittee, established in 2023, oversees the development of cryptocurrencies, financial technologies, and AI applications in financial services.
In his announcement, Hill highlighted the divisionās mission to maintain the United Stateās leadership in technological innovation. The entity also prioritizes consumer and investor protections, optimizing regulations for community banks and ensuring regulatory agencies adhere to their statutory mandates.
The Minnesota Republican has consistently defended the crypto industry, actively opposing strict federal regulations on digital assets and proposing legislation designed to promote innovation and provide clarity for market participants.
Among his notable initiatives is the CBDC Anti-Surveillance State Act, which limits the Federal Reserveās ability to issue a central bank digital currency (CBDC) without Congressional approval.
The 63-year-old has also been an outspoken critic of outgoing Securities and Exchange Commission (SEC) head Gary Gensler, accusing him of regulatory overreach. He has previously referred to the Democratic appointeeās tenure as āthe most destructive and lawlessā in history.
Trumpās Crypto Push
This development comes even as the House and Senate are advancing their agendas in preparation for President-elect Donald Trumpās inauguration on January 20.
According to a January 13 report from The Washington Post, Trump plans to sign some crypto executive orders shortly after taking office. They will reportedly address issues like crypto de-banking and possibly repeal a policy that requires banks holding cryptocurrencies to list the assets as liabilities.
Recent initiatives, such as the formation of the Senate Banking Committeās first crypto division and Emmerās appointment, could be viewed as proof of the administrationās commitment to supporting the digital asset industry. Additionally, these moves align with Trumpās promise to establish the United States as the crypto capital of the world.
The post Pro-Crypto Congressman Tom Emmer Appointed Vice Chair of Digital Assets Subcommittee appeared first on CryptoPotato.
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