U.S. Rep. Tom Emmer (R-Otsego)
U.S. Government: Agencies/Departments/Divisions | Elected U.S. Legislators
Recent News About U.S. Rep. Tom Emmer (R-Otsego)
-
Rep. Tom Emmer expressed his appreciation for participating in the White House Crypto Summit, stating that the president is taking a leadership role by convening top experts and taking steps to maintain the United States' position at the forefront...
-
Rep. Tom Emmer announced that a "Crypto Summit" at the White House, once considered unlikely, is now underway as the president takes steps to establish the United States as a central hub for cryptocurrency.
-
Congressman Tom Emmer announced the formation of the Congressional Crypto Caucus.
-
Majority Whip Tom Emmer (MN-06) has reintroduced a bill that would prevent the Federal Reserve from issuing a central bank digital currency (CBDC). Fifty original cosponsors, including members of the Financial Services Committee, are supporting the bill, according to a press release.
-
The Infrastructure Investment and Jobs Act (IIJA), which President Biden signed into law in Nov. 2021, introduces two new reporting requirements for individuals and businesses that conduct transactions using digital assets.
-
Michael Novogratz, CEO of crypto investment firm Galaxy, predicted in a YouTube video that members of Congress will grill Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), over perceived failures of the agency to take actions that might have prevented crypto companies such as the now-bankrupt exchange FTX from misusing customer funds. Novogratz noted that he sees some Republican members of Congress as very pro-crypto, including Rep. Patrick McHenry (NC-10), chairman of the House Financial Services Committee, and Rep. Tom Emmer (MN-06). Novogratz said he thinks large donations from the now-disgraced founder of FTX Sam Bankman-Fried have made Democrat lawmakers more hesitant to endorse the crypto industry, although Bankman-Fried donated to both sides of the aisle.