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After the pro-cryptocurrency Silvergate Bank was shut down, several industry insiders have speculated that the U.S. government is actively targeting the cryptocurrency sector. U.S. Representative Tom Emmer claimed on March. 16 that the government headed by president Biden looks to be “weaponizing market instability to crush crypto.” His investigation led him to
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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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The so-called “Crypto King of Congress” blames over-centralization and old-fashioned fraud for FTX’s collapse (not crypto). As Congress considers new crypto legislation, can he persuade his colleagues – including the combative Elizabeth Warren – of the same? Source
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Crypto-friendly Congressman Tom Emmer is considering re-floating a bipartisan bill that would lift the requirement for certain crypto businesses and projects to register as Virtual Asset Service Providers (VASPs) in the wake of the FTX collapse. The bill titled “Blockchain Regulatory Certainty Act” was led by Republican Emmer and Democratic Congressman
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Crypto advocates in Washington routinely maintain that crypto policy is a non-partisan issue that can move forward even in a divided Congress. However, this week’s rhetoric from Democrats such as Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, has painted a harsh picture of crypto suspicion. And
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United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of
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“I’ll go down any rabbit hole when it comes to this because you’ve got to learn it, you’ve got to understand it,” Emmer said last week in a phone interview, reprinted below, on his legislative efforts in the House of Representative. “You do have to play with it a little
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Yesterday, U.S. Federal Reserve Chairman Jerome Powell said he has no intention of banning cryptocurrencies. It’s unclear whether the unelected monetary body would have that authority in the first place.“The Fed chair is not so sure what he wants to say,” Rep. Tom Emmer (R-Minn.) said this morning on CryptoX
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Minnesota Representative Tom Emmer will accept crypto donations for his campaign. The Chairman of the National Republican Congressional Committee (NRCC) and member of the Congressional Blockchain Caucus opened his first cryptocurrency town hall on Thursday with the announcement, telling CryptoX that BitPay will process all donations. The town hall, announced last week,
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