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The Minnesota Republican says current laws ‘are suitable to help weed out bad actors.’ Tom Emmer, the Minnesota Republican who has been crypto pro advocate for years, says there is no need for Capitol Hill to rewrite existing laws trying to clamp down on digital currencies as enforcement action is still
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The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets” on Nov. 15. The hearing was bipartisan in nature, chair French
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Sherman said at an SEC oversight hearing of one of the subcommittees of the House Financial Services Committee. He said the assets are "designed to be perfect means for hidden money, hence the term cryptocurrency, getting to the worst actors in the world." Source
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Members of the United States House of Representatives have chosen Mike Johnson to be the body’s next speaker — the second in line to the U.S. presidency and a very powerful figure in Congress. In an Oct. 25 vote, all 220 Republicans present in the House voted for Johnson, while 209
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House Republicans are having an epic, no-holds-barred political showdown with themselves, and the abortive campaign of Emmer demonstrates that they've now burned through the most obvious candidates. And there are implications for the crypto industry. Source
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"As mainstream finance moves into this space, I think people in Congress are going to see we can't have our head in the sand anymore," Lummis said at the same event on Tuesday, suggesting that some lawmakers will be more comfortable with the representatives of traditional financial firms. "When they
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Republican members of the United States House of Representatives have chosen Tom Emmer, current majority whip and crypto proponent, as their nominee to be the next Speaker.According to multiple reports from Oct. 24, Rep. Emmer will be Republicans' nominee in the next vote to determine a Speaker of the House
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No piece of legislation — crypto-related or otherwise — has largely been able to move through the United States Congress since Oct. 3, when lawmakers voted to oust then-Speaker of the House of Representatives Kevin McCarthy. This marks the first time in U.S. history that the legislative body has been
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The Speaker of the House runs the House of Representatives, scheduling votes and moving legislation. Rep. Kevin McCarthy (R-Calif.) took on the role earlier this year, but was ousted earlier this month. Democrat Nancy Pelosi (D-Calif.) was the previous Speaker, until her party lost the majority in the 2022 election. Original
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Crypto-friendly Republican Congressman Tom Emmer is pursuing a nomination to become House speaker, with the 62-year-old receiving endorsement from multiple lawmakers. Congressman Patrick McHenry continues to oversee the position on an interim basis, following a first round of voting on Oct. 17 in which the Republican Party’s nominee for Speaker,
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