US Lawmaker’s New Role Could Skyrocket America’s Digital Assets Sector

January 17, 2025 Bitcoin.com

bitcoin.com

Tom Emmer’s new appointment in Congress signals a push to foster an environment where digital asset innovation flourishes under pro-technology, American-led values. The Future of Digital Assets: A Powerful New Direction From Congress Congressman Tom Emmer of Minnesota has been appointed Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The […]

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Crypto advocate Tom Emmer named vice chair of crypto and AI subcommittee

January 15, 2025 Coin Telegraph

“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.

United States Representative Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence.

“With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans, with American values,” the Minnesota Republican said on X on Jan. 15.

The House Financial Services Committee’s Subcommittee vice chairs and subcommittee assignments for the 119th Congress were announced by Committee Chairman French Hill on Jan. 14.

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Overturned Chevron deference likely won’t impact crypto regulation: Tom Emmer

October 10, 2024 Coin Telegraph

Chevron doctrine

Only a Donald Trump election victory and a mostly Republican Congress could make Chevron potentially impactful, says Representative Tom Emmer.

The crypto industry won’t benefit from an overturned legal doctrine that forced courts to use federal agency interpretations of ambiguous laws unless Congress passes legislation limiting what those agencies can regulate, says United States Representative Tom Emmer.

“I don’t think Chevron deference changes a whole lot,” Emmer told Cointelegraph at the Permissionless conference in Utah on Oct. 9.

The Supreme Court overruled the Chevron doctrine in June — meaning that US courts no longer need to “defer” to federal agencies like the Securities and Exchange Commission when interpreting ambiguous statutes.

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Congressman Blasts SEC Chair Over Crypto Regulation Failures

September 25, 2024 Bitcoin.com

bitcoin.com

Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and no one in your leadership here in D.C. has been held accountable,” the lawmaker stressed. Tom Emmer […]

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Congressman criticizes Gensler as most ‘destructive’ SEC chair during hearing

September 25, 2024 Coin Telegraph

Coin Telegraph

SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.

United States Congressman Tom Emmer slammed SEC Chair Gary Gensler during a congressional hearing, calling him the most “destructive” and “lawless” Chair in the regulator’s 90-year history.

“You’ve made up the term crypto asset security. This term is nowhere to be found in statute, you made it up [and] you never provided any interpretive guidance on how crypto asset security might be defined within the walls of your SEC,” Emmer told Gensler before a House Financial Services Committee hearing on Sept. 24.

Emmer said the term had served as the entire basis for Gensler’s “enforcement crusade” against the crypto industry for the last three years. This was up until last week when SEC lawyers retracted the term in a court footnote.

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US Lawmakers Call for Clear SEC Rules on Digital Asset Airdrops

September 19, 2024 Bitcoin.com

airdrops

Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking American participation in blockchain projects. He emphasized the importance of airdrops in decentralizing networks and shaping the future of blockchain, criticizing the SEC’s approach under […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

House Republicans demand SEC’s Gensler clarify crypto airdrops stance

September 18, 2024 Coin Telegraph

Coin Telegraph

US Representatives Tom Emmer and Patrick McHenry gave Gary Gensler until the end of the month to answer questions about the SEC’s approach to crypto airdrops.

Two Republican lawmakers are demanding United States Securities and Exchange Commission Chair Gary Gensler answer questions about the classification of crypto airdrops by the end of the month.

Representative Tom Emmer and House Financial Services Committee Chairman Patrick McHenry said in a Sept. 17 letter to Gensler that they’re concerned after the SEC made “assertions about airdrops” in various lawsuits over the last two years.

In September 2022, the SEC sued Hydrogen Technology Corporation and its former CEO for market manipulation of what it called “crypto asset securities.”

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Congressman Calls for SEC Chair’s Dismissal Over ‘Regulation by Harassment’

July 13, 2024 Bitcoin.com

bitcoin.com

House Majority Whip Tom Emmer has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of “regulation-by-harassment,” and calling for his dismissal. The congressman has consistently opposed Gensler’s regulatory practices, supporting legislative reforms for the SEC. He argues that Gensler’s approach undermines the securities regulator’s mission to protect investors and maintain orderly […]

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Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman

July 2, 2024 Bitcoin.com

bitcoin.com

Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

US House Passes Central Bank Digital Currency Anti-Surveillance State Act

May 24, 2024 Bitcoin.com

Bitcoin

The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented central bank digital currency (CBDC). The lawmaker emphasized that the bill protects American values of privacy and individual sovereignty, countering potential governmental overreach. CBDC Anti-Surveillance Act Clears House Following the passage of the […]

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