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. Emmer made this statement in a March 8 post on X.
"Promises made, promises kept," said Tom Emmer, Representative. "A few years ago, a White House Crypto Summit was nothing more than a dream. Now, we have a President who is positioning America to be the crypto capital of the world."
According to Reuters, industry leaders convened at Trump's White House crypto summit to discuss regulatory clarity and the government's role in digital assets. Trump promoted his plan to create a federally controlled reserve of seized cryptocurrency, emphasizing that it would not impose costs on taxpayers. The event included prominent figures such as Coinbase CEO Brian Armstrong, MicroStrategy's Michael Saylor, and the Winklevoss twins.
Rep. Tom Emmer's post
| X
President Donald J. Trump signed an executive order establishing a strategic bitcoin reserve and a U.S. digital asset stockpile with the aim of strengthening the country’s role in digital asset management. The reserve will hold bitcoin seized through forfeiture proceedings, with agencies evaluating options to transfer holdings. The stockpile will include other digital assets acquired similarly, with oversight from the Treasury Department. The order seeks to centralize government-held cryptocurrency, prevent premature sales, and enhance strategic management, according to the White House.
A newly formed Congressional Crypto Caucus is described as a "bipartisan" effort to advance policies supporting the growth of the digital asset industry in the U.S. According to a press release from Emmer’s office, the caucus will serve as a coordinated group advocating for regulatory clarity, innovation, and consumer protections in the crypto space. This initiative comes as lawmakers debate major legislative efforts, including stablecoin and market structure bills.
Emmer has been a vocal advocate for cryptocurrency and blockchain technology while representing Minnesota's 6th congressional district. As House Majority Whip and a member of the House Financial Services Committee, he has introduced several bills aimed at providing regulatory clarity for digital assets and fostering innovation in the financial technology sector.
