Important points
- Congressman Tom Emmer has been appointed vice chairman of the House Digital Assets Subcommittee.
- Emmer is known as a cryptocurrency supporter and opposes strict federal regulation of digital assets.
Share this article
Congressman Tom Emmer has been appointed vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, FOX business journalist Eleanor Terret announced Tuesday. The appointment comes after Rep. Brian Still was named chair of the subcommittee last week.
“With President Trump in the White House and Gary Gensler locked in a dumpster in Washington, we want to ensure that the future of digital assets is guided by American people and American values,” Emmer said in a statement. We have a great opportunity.”
The subcommittee's scope of jurisdiction covers digital assets, stablecoins, central bank digital currencies (CBDCs), innovative financial technologies such as mobile banking and non-fungible tokens (NFTs), and the impact of AI in finance. are.
Mr. Emmer will work with Representatives French Hill and Steil on legislative and regulatory issues, and expressed his commitment to fostering “an environment in which digital asset innovation can thrive.”
Emmer, known as a cryptocurrency supporter in Congress, has consistently opposed strict federal regulation of digital assets. He has proposed several crypto-related bills, with a focus on clarifying regulations. One of the best known is the CBDC Anti-Surveillance Act.
The bill, passed by the House of Representatives on May 23, 2024, aims to prohibit the Fed from issuing CBDCs that allow the government to monitor individuals' spending habits. Emmer said the bill protects privacy and ensures that digital currency policy remains in the hands of the American people, not unelected bureaucrats.
After passing in the House, the bill will move to the Senate for consideration.
Share this article
