On 01/15/2025, Mr. Tom Emmer, one of the prominent cryptocurrency-supporting legislators in the US Congress, was officially appointed as the Vice Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
Responsibilities and Commitments
This subcommittee is responsible for overseeing the areas:
• Digital assets, stablecoins, and central bank digital currencies (#CBDC ).
• Advanced financial technology such as mobile banking and NFTs.
• The application of artificial intelligence (AI) in finance.
Mr. Emmer will work closely with French Hill and Bryan Steil to establish policies that promote an innovative environment in the digital asset sector.
Notable Moves by Tom Emmer
Mr. Emmer has consistently opposed stringent federal regulations on cryptocurrencies. Some notable points:
1. Anti-surveillance CBDC bill:
• Prohibit the Federal Reserve from issuing CBDCs that could track individual spending habits.
• Protecting privacy and ensuring monetary policy is in the hands of the people.
• The bill has been passed by the House and is awaiting review in the Senate.
2. Criticism of the SEC:
• Mr. Emmer does not hesitate to publicly introduce bills aimed at restructuring #SEC and removing the powers of Chairman Gary Gensler.
Expectations Under President Donald Trump
The crypto sector is watching significant changes as President Donald Trump's inauguration on 01/20/2025 approaches. Trump is expected to issue several orders on crypto, along with appointing personnel with a pro-innovation mindset:
• Elon Musk: Head of the Government Efficiency Department (D.O.G.E).
• Paul Atkins: The new chairman of the SEC, expected to mitigate the SEC's hardline actions against crypto.
• David Sacks: Crypto and AI advisor at the White House.
• Bo Hines: Head of the President's Digital Asset Advisory Council.
• Sriram Krishnan: Senior advisor on AI in the new council.
Conclusion
With his new role, Mr. #TomEmmer promises to bring flexible policies that support the development of the cryptocurrency and financial technology sectors. Together with President Trump's team, the crypto sector is looking forward to an era of innovation and strong growth in the near future.
(Note: Investing in cryptocurrency carries high risks. Please research thoroughly before making decisions.)
