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On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States.
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United States Representative Tom Emmer believes the launch of programmable central bank digital currency in the country could strip American citizens of their financial privacy.Speaking on March 9 at the Cato Institute, a Washington D.C.-based libertarian think tank, Emmer explained that the programmable CBDC would be “easily weaponized” as a spying
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The chairman of the newly formed U.S. congressional subcommittee on digital assets has pledged for progressive crypto regulations to ensure that "America is the place for innovation in fintech and blockchain."Speaking on CNBC’s Squawk Box on Jan. 26, Congressman French Hill offered some of his first insights into what is
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U.S. Rep. Jim Himes says that following the collapse of FTX, lawmakers have their “shields up." Source
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Rep. Ritchie Torres (D-N.Y.) discusses how the disgraced CEO “misled the public” and what he did with Bankman-Fried’s $2,900 political donation. Source
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“We could shut it down,” said Himes, noting that the possibility that a CBDC will never be adopted in the U.S. “But the point is, since it is a technological innovation, why not keep up with our peers, with our competitors and see where it goes.” Original Source
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In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point.In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital
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Brian Shroder, the president and CEO of Binance US, received a federal letter requesting the urgent disclosure of official documents that prove the exchange’s adherence to various investor-centric safety protocols. The request comes from a Subcommittee chairman under the United States House Committee on Oversight and Government Reform.In the letter
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Rep. Raja Krishnamoorthi (D-Ill.), chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, wrote on Tuesday to Treasury Secretary Janet Yellen and the heads of three regulatory agencies, in addition to sending similar letters to the CEOs of the crypto companies – also including FTX, Kraken and
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With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CryptoX TV’s “First Mover” show. Source
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