Tom Emmer
@RepTomEmmer
RT @BlockchainAssn: 1/ “I make it clear everywhere I go, it’s not Republicans vs. Democrats on crypto…the industry you’re in is a non-parti…
2023-11-30T16:15:31.000Z · via Twitter
Does Tom Emmer Support Crypto?
Based on previous comments, Tom Emmer has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Tom Emmer has made about Bitcoin, Ethereum, and cryptocurrency innovation.
Tom Emmer
@RepTomEmmer
In case you missed it…
Last week, I joined @ThinkingCrypto1 to discuss how Congress can provide clear rules of the road to bring the industry back onshore and hold unelected bureaucrats like @GaryGensler accountable for abusing SEC enforcement powers. twitter.com/thinkingcrypto…
2023-11-27T23:25:55.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Congressional resources should instead be spent working to bring more crypto activity and opportunities onshore to bolster U.S. national security.
2023-11-22T14:01:51.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Congress does not need to rewrite laws that work in the crypto space. Yesterday’s successful prosecution shows that when enforced, current laws are suitable to help weed out bad actors.
2023-11-22T14:01:50.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Answers to our inquiry will help Congress understand the size, scope, and duration of Hamas's digital asset fundraising campaign and the United States' ability to target bad actors while supporting legitimate digital asset use. pic.twitter.com/l0CkShJseD
2023-11-15T17:27:25.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I, along with @PatrickMcHenry, @RitchieTorres, and @RepFrenchHill, led a bipartisan letter requesting the Biden administration utilize the open blockchain ledger to assess the footprint of Hamas’s digital asset fundraising campaign. foxnews.com/politics/bipar…
2023-11-15T17:27:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
My amendment prohibits the SEC from using taxpayer-funded resources to pursue enforcement actions against the digital asset industry until Congress passes legislation that authorizes regulatory enforcement jurisdiction.
2023-11-08T20:43:11.000Z · via Twitter
Tom Emmer
@RepTomEmmer
.@GaryGensler is as ineffective as he is incompetent. Fortunately, my nonpartisan appropriations amendment to reign in SEC enforcement abuses against the digital asset industry passed the House today with no opposition.
Congress will hold unelected bureaucrats accountable. pic.twitter.com/TGaaW8I0Eu
2023-11-08T20:34:52.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @FinancialCmte: #ICYMI: The CBDC Anti-Surveillance State Act, sponsored by @GOPMajorityWhip, got the green light at last week's markup.…
2023-09-26T20:29:26.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @PatrickMcHenry: 
#ICYMI: @FinancialCmte advanced legislation to prohibit the @federalreserve from issuing a #CBDC without Congressional…
#ICYMI: @FinancialCmte advanced legislation to prohibit the @federalreserve from issuing a #CBDC without Congressional…2023-09-26T20:29:11.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Digital assets are here to stay. My bill makes sure unelected Washington bureaucrats can’t weaponize them to monitor Americans’ private financial data. washingtonexaminer.com/policy/economy…
2023-09-24T17:02:00.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @EleanorTerrett: NEW: @GOPMajorityWhip’s anti-CBDC bill has just passed out of the House Financial Services Committee.
NEW: @GOPMajorityWhip’s anti-CBDC bill has just passed out of the House Financial Services Committee.2023-09-20T20:15:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @BlockchainAssn: CBDCs present major privacy concerns for everyday Americans, including granting the government the ability to track all…
2023-09-20T20:15:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The first anti-CBDC bill in the United States passed out of the Financial Services Committee today! A historical step in defending against an ever-expanding government surveillance state. twitter.com/GOPMajorityWhi…
2023-09-20T19:51:15.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Financial Services Committee is set to vote on my bill, the CBDC Anti-Surveillance State Act, today. Watch my remarks from the debate: pic.twitter.com/C4S3okdl0w
2023-09-20T17:49:28.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Thank you, @FinancialCmte for considering my legislation, the CBDC Anti-Surveillance State Act, today.
emmer.house.gov/2023/9/emmer-r…
2023-09-14T18:43:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
If not open, permissionless, and private – like cash – a CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life.
We’re not going to let that happen – not on House Republicans’ watch. pic.twitter.com/XVq6ySu0Xc
2023-09-13T14:46:23.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Bottom Line: If not open, permissionless, and private - like cash - a CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life.
Thank you @FinancialCmte for considering my bill this month.
2023-09-12T15:15:26.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Why: The administration has made it clear: President Biden is willing to compromise the American people’s right to financial privacy for a surveillance-style CBDC.
I don’t believe in compromising Americans’ rights.
2023-09-12T15:15:03.000Z · via Twitter
Tom Emmer
@RepTomEmmer
What: My updated bill prohibits the Fed from issuing a retail CBDC while protecting innovation and any future development of true digital cash.
2023-09-12T15:14:37.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, with 49 of my Republican colleagues, I reintroduced the CBDC Anti-Surveillance State Act
foxbusiness.com/markets/gop-ta…2023-09-12T15:14:14.000Z · via Twitter
Tom Emmer
@RepTomEmmer
That is why I'm planning to sponsor an appropriations amendment that restricts the SEC's use of funds on digital asset enforcement until there are clear rules and regulations in place.
Read more below
majoritywhip.gov/news/documents…
majoritywhip.gov/news/documents…2023-09-08T16:55:31.000Z · via Twitter
Tom Emmer
@RepTomEmmer
1. SEC loses on Ripple...
2. SEC loses on Grayscale...
We will see how pending litigation plays out, but it should be increasingly obvious to policymakers that, despite @GaryGensler's mass marketing campaign, crypto is not an industry "rife with noncompliance." twitter.com/GOPMajorityWhi…
2023-09-02T19:41:00.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Federal Reserve has proven itself to be incompetent.
I’m proud to support @PatrickMcHenry’s Clarity for Payment Stablecoins Act with his commitment to work with me to roll back the Fed’s power and authority in this bill.
Watch my remarks in @FinancialCmte pic.twitter.com/84UVYGkP78
pic.twitter.com/84UVYGkP78
2023-07-27T17:27:42.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The BRCA provides the digital asset ecosystem regulatory certainty to keep innovating in the United States so the future digital economy reflects American values.
2023-07-26T23:58:30.000Z · via Twitter
Tom Emmer
@RepTomEmmer
"The basic protections provided by H.R. 1747 represent a core building block in providing a foundation for future responsible innovation here in the United States." - @crypto_council
2023-07-26T18:13:49.000Z · via Twitter
Tom Emmer
@RepTomEmmer
"The Blockchain Regulatory Certainty Act ensures American digital asset innovations can continue to thrive here in the United States. We urge members of the committee to vote in favor of this bill." - @BlockchainAssn
2023-07-26T18:13:48.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Blockchain Regulatory Certainty Act has garnered support from every sector of the digital asset ecosystem.
Here's what they're saying about mine and @RepDarrenSoto's nonpartisan bill:
2023-07-26T18:13:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
My remarks on @PatrickMcHenry/@CongressmanGT's digital asset market structure bill pic.twitter.com/FJkHWUii3x
pic.twitter.com/FJkHWUii3x
2023-07-26T16:21:13.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, the @FinancialCmte will begin debating my nonpartisan bill with @RepDarrenSoto, the Blockchain Regulatory Certainty Act. Our bill provides regulatory certainty so the decentralized economy can be built by Americans, with American values.
Tune in:
youtube.com/watch?v=cw4hdr…
2023-07-26T14:58:40.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @fund_defi: 1/ There are several crypto bills being marked up in @FinancialCmte this week.
First up: The bipartisan Blockchain Regulato…
2023-07-25T17:51:41.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto will thrive with or without the U.S.
Congress must step into the driver’s seat and pass a bill that provides the American people and industry with regulatory clarity, certainty, confidence, and competitiveness. Anything less is unacceptable.
Watch my Committee remarks: pic.twitter.com/DlwNyoMZal
2023-06-13T23:30:00.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Every day, we are working to educate fellow Members of Congress on the dangers of central bank digital currencies.
My bill, the CBDC Anti-Surveillance State Act, is up to 26 cosponsors, and we’re just getting started
emmer.house.gov/2023/2/emmer-l…C
emmer.house.gov/2023/2/emmer-l…C2023-05-26T16:44:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
“We commend Rep. Tom Emmer and @RepDarrenSoto for their commitment to American innovation with the reintroduction of this important bipartisan legislation…” - @crypto_council pic.twitter.com/7SEllHY5KE
2023-05-21T17:01:21.000Z · via Twitter
Tom Emmer
@RepTomEmmer
“The Securities Clarity Act would go a long way towards providing regulatory clarity for the securities treatment of digital assets and we are proud to support its reintroduction.” - @BlockchainAssn pic.twitter.com/buD8zBt6rw
2023-05-21T17:01:20.000Z · via Twitter
Tom Emmer
@RepTomEmmer
“This is the smartest approach we have seen to provide clarity about how securities law applies to digital assets.” - @coincenter pic.twitter.com/KMBcJz23Z8
2023-05-21T17:01:19.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Last week, I introduced the Securities Clarity Act with @RepDarrenSoto which clarifies the regulatory classification of digital assets to provide market certainty for innovators and clear jurisdictional boundaries for regulators.
Here’s what others are saying about our bill:
2023-05-21T17:01:18.000Z · via Twitter
Tom Emmer
@RepTomEmmer
@RepDarrenSoto @coincenter @BlockchainAssn @DigitalChamber @crypto_council Read the bill here: emmer.house.gov/_cache/files/4…
2023-05-18T20:19:14.000Z · via Twitter
Tom Emmer
@RepTomEmmer
@RepDarrenSoto We appreciate the broad community support on this legislation from @CoinCenter, @BlockchainAssn, @DigitalChamber, and @crypto_council.
2023-05-18T20:16:30.000Z · via Twitter
Tom Emmer
@RepTomEmmer
@RepDarrenSoto The Securities Clarity Act inserts a key term, the “investment contract asset,” into existing securities law to enable crypto projects to reach their full potential in a compliant way, allowing the United States to compete globally in this next iteration of the internet.
2023-05-18T20:16:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
@RepDarrenSoto Without a distinction between the asset and the securities contract, token projects that raise capital to fund development cannot move out of the securities framework once the project is decentralized, which hinders the utility of the project and ultimately harms token holders.
2023-05-18T20:15:46.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, I introduced the Securities Clarity Act with @RepDarrenSoto. This bill clarifies the regulatory classification of digital assets and provides market certainty for innovators and clear jurisdictional boundaries for regulators. pic.twitter.com/xgsLAm2Yhh
2023-05-18T20:15:30.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @Protectaxpayers: The Limit, Save, Grow Act of 2023 introduced by House GOP leadership is a strong start to addressing the nation’s defi…
2023-04-21T13:54:03.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @FinancialCmte: #WATCH: @GOPMajorityWhip Tom Emmer skewers Chair Gensler for his regulation by enforcement approach to digital assets' f…
2023-04-19T14:26:17.000Z · via Twitter
Tom Emmer
@RepTomEmmer
He was the “cop on the beat” when the biggest crypto frauds collapsed, doing nothing to stop these criminals before they defrauded Americans: pic.twitter.com/F4o0gT7Oid
2023-04-18T17:17:14.000Z · via Twitter
Tom Emmer
@RepTomEmmer
He’s finalized ZERO rules for crypto companies to comply with…
yet he abuses the SEC’s enforcement powers against them: pic.twitter.com/jn30XimsLP
2023-04-18T17:17:13.000Z · via Twitter
Tom Emmer
@RepTomEmmer
We should never sacrifice decentralized money.
Thank you, @DigitalChamber, for inviting me to join you all today. pic.twitter.com/reJIepS5t6
2023-03-21T15:01:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
If you want to assume unelected bureaucrats are going to do the things you expect them to do, you do that at your own risk. This Administration is already moving in the direction of a CBDC, and the events of this week have only made that more clear. pic.twitter.com/JAtCpUgaSm
2023-03-17T17:28:08.000Z · via Twitter
Tom Emmer
@RepTomEmmer
It's clear the Biden administration is weaponizing market chaos to kill crypto.
This is why I sent an investigative letter to FDIC Chairman Gruenberg seeking additional information yesterday. pic.twitter.com/oPr3WLZtk3
2023-03-16T16:35:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
“Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.” 
reuters.com/business/finan…
reuters.com/business/finan…2023-03-16T13:18:14.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, I sent a letter to FDIC Chairman Gruenberg regarding reports that the FDIC is weaponizing recent instability in the banking sector to purge legal crypto activity from the U.S. pic.twitter.com/fDmaA0XGWv
pic.twitter.com/fDmaA0XGWv
2023-03-15T14:15:48.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Blockchain Regulatory Certainty Act
The Securities Clarity Act
The Safe Harbor for Taxpayers with Forked Assets Act
The CBDC Anti-Surveillance State Act
The future of crypto in the US will be determined by Congress and the American People - not the Administrative State. pic.twitter.com/OQ0uwxjVxX
2023-03-09T23:17:19.000Z · via Twitter
Tom Emmer
@RepTomEmmer
An unelected bureaucrat stating a willingness to trade your right to financial privacy for a surveillance-style U.S. CBDC
home.treasury.gov/news/press-rel…
home.treasury.gov/news/press-rel…2023-03-03T18:13:32.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The bill does three things:
1. Prohibits the Fed from issuing a CBDC directly to anyone.
2. Bars the Fed from using a CBDC to implement monetary policy and control the economy.
3. Requires the Fed's CBDC projects to be transparent to Congress and the American people
2023-02-22T14:12:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. pic.twitter.com/lONbHFZMk7
pic.twitter.com/lONbHFZMk7
2023-02-22T14:12:46.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto is here to stay. I will keep advocating for policies that advance crypto innovation and adoption in the United States because crypto is more than a financial investment: it’s about restoring liberty and choice to individuals.
coindesk.com/consensus-maga…
2023-01-23T20:28:48.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Nearly 5 months later, Treasury responded to our inquiry about OFAC’s sanctioning of Tornado Cash smart contracts… decentralized, immutable contracts that enable transaction privacy on public blockchains. pic.twitter.com/jVz70JK3Cq twitter.com/RepTomEmmer/st…
2023-01-10T17:23:48.000Z · via Twitter
Tom Emmer
@RepTomEmmer
.@GaryGensler and the SEC had more meetings with SBF and FTX/IEX than anyone else in crypto, allegedly to craft a special regulatory framework designed to benefit FTX alone.
Making backroom regulatory deals with bad actors is not a tool in the SEC’s toolbox. twitter.com/garygensler/st…
2022-12-22T14:22:20.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The US remains a tech leader not because we force innovators to adopt our values, but because we allow tech that holds these values at their core to flourish.
What happens if the US issues a CBDC that doesn’t reflect American values?
My op-ed
americanbanker.com/opinion/the-u-…
americanbanker.com/opinion/the-u-…2022-12-19T21:57:04.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The failure of FTX is not a failure of crypto, it is a failure of centralization.
DeFi is the point. pic.twitter.com/TuamGCPcba
2022-12-19T17:26:46.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Probably a good time to re-up my bipartisan Blockchain Regulatory Certainty Act.
The bill asserts that blockchain entities that never custody consumer funds are not money transmitters… providing necessary legal certainty to ensure the future of crypto reflects American values.
2022-12-14T15:08:04.000Z · via Twitter
Tom Emmer
@RepTomEmmer
So @GaryGensler knows that FTX was fraudulent from its inception.
This is egregious considering he had more meetings with Bankman-Fried than anyone in the space to discuss a crypto regulatory framework designed to benefit FTX alone.
He will be held accountable. pic.twitter.com/LkkOMfc5TP
2022-12-13T14:53:23.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Gensler has repeatedly dodged Congress at the expense of investors (hasn’t publicly appeared before the House Financial Services since October 5, 2021), leaving us to learn about the SEC's crypto investigations, like the one into FTX, through the media.
2022-12-09T21:54:43.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Caucus received info from several sources (FTX, as we’ve said repeatedly, was not one of them) that @GaryGensler's efforts to gather info on crypto companies were not targeted, intentional, or clear; rather, the SEC's requests were haphazard and unfocused.
2022-12-09T21:54:42.000Z · via Twitter
Tom Emmer
@RepTomEmmer
We now know Gensler's crypto information-gathering efforts were ineffective.
2022-12-09T21:54:42.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Project Hamilton is an initiative between the Boston Fed and MIT to research the potential development of a U.S. CBDC & the private sector's role must be transparent. No government body should be in the business of picking winners and losers in private industry.
2022-12-01T20:24:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I sent a letter with @PatrickMcHenry to the Boston Fed concerning allegations that some firms participating in "Project Hamilton" might intend to use govt. resources to design a CBDC under the Fed’s watch with the intent to then sell those products to commercial banks. pic.twitter.com/a3vaK4MPkq
2022-12-01T20:24:47.000Z · via Twitter
Tom Emmer
@RepTomEmmer
.@SenTedCruz and I have introduced legislation that will prevent the Federal Reserve from ever issuing a CBDC directly to individuals.
2022-11-30T19:37:53.000Z · via Twitter
Tom Emmer
@RepTomEmmer
We were concerned in March that @GaryGensler was taking an indiscriminate and inconsistent approach to oversight of the crypto community. twitter.com/RepTomEmmer/st…
2022-11-25T22:48:19.000Z · via Twitter
Tom Emmer
@RepTomEmmer
FTX's collapse is not a crypto failure. It's a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point. Watch below for more thoughts pic.twitter.com/VYacafc0ZD
pic.twitter.com/VYacafc0ZD
2022-11-22T20:14:20.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Decentralization is the point. If we sacrifice DeFi for legislation, we’re throwing away the opportunity.
2022-10-20T02:04:33.000Z · via Twitter
Tom Emmer
@RepTomEmmer
After years of pushing for crypto accounting standards, FASB’s new rule is a win for institutional crypto adoption. Clear, logical accounting standards for companies w/ crypto on their balance sheets adds transparency to the market and protects investors.
wsj.com/articles/fasb-… twitter.com/RepTomEmmer/st…
wsj.com/articles/fasb-… twitter.com/RepTomEmmer/st…2022-10-13T19:46:29.000Z · via Twitter
Tom Emmer
@RepTomEmmer
We’ll be very clear: There is no alternative to authorizing a CBDC other than through legislation. And Congress won’t approve a CBDC unless it’s open, permissionless, & private. I commend @RepFrenchHill & @PatrickMcHenry for leading this letter and am proud to support.
2022-10-05T20:14:30.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Biden Admin wrote a report on how they could issue a CBDC behind the back of Congress and the American people. Now, they aren't sharing that report with Congress. twitter.com/RepFrenchHill/…
2022-10-05T20:14:29.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @FinancialCmte: The Biden Admin continues to focus almost exclusively on the potential risks posed by digital assets, instead of their o…
2022-10-04T18:58:49.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I was honored to receive the @crypto_council Digital Future Award.
The crypto community will build with or without us. We will continue to work to make the United States an environment where this technology can thrive. pic.twitter.com/BdqxRHi4Fg
2022-09-21T21:29:02.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Administration must embrace the benefits of open, permissionless & private digital assets, rather than place prominence on central bank digital currencies, the benefits of which remain confounding. (2/2)
2022-09-16T18:22:36.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Disappointed to see that this incomplete response from Treasury does not consider Americans’ constitutional right to privacy while sanctioning of neutral, open-source, decentralized privacy software. home.treasury.gov/policy-issues/… twitter.com/RepTomEmmer/st…
2022-09-13T20:01:54.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The more of our liberty and privacy we sacrifice, the greater the threat of tyranny becomes.
Crypto creates freedom.
axios.com/2022/08/30/tom…
2022-08-30T17:58:37.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @MeriTalk: In this MerITocracy Moment, @RepTomEmmer shares how overregulating #cryptocurrencies could drive #innovators and #entrepreneu…
2022-08-26T15:50:46.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I sent a letter to Treasury Secretary Yellen regarding the unprecedented sanctioning of Tornado Cash. The growing adoption of decentralized technology will certainly raise new challenges for OFAC. Nonetheless, technology is neutral and the expectation of privacy is normal.
https://t.co/0aN4a4A6tb
https://t.co/0aN4a4A6tb
2022-08-23T14:30:34.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Unelected bureaucrats and regulators do not get to politicize the rules of the road or hold the keys to opportunity.
Listen to my recent conversation with @ThinkingCrypto1 here:
youtube.com/watch?v=7GEv1C…
2022-08-22T18:51:22.000Z · via Twitter
Tom Emmer
@RepTomEmmer
ICYMI: In June, I sent a bipartisan letter with @RepAuchincloss to Fed Chair Powell seeking information on the federal government's digital asset holdings. pic.twitter.com/gf3mK48rdY
2022-08-08T19:59:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
If that is the case, the US would be a large digital asset holder, able to materially impact market trends through sales or purchases. Congress must have insight from the Fed so we can establish informed regulatory guidelines.
2022-08-08T19:59:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
US law enforcement regularly captures and seizes cryptocurrency and auctions that crypto off to the public. This process is not transparent, and there are reports that, as of February 2022, the US government owned over $4 billion in Bitcoin alone.
2022-08-08T19:59:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Viewing crypto as merely a financial investment misses the entire point.
2022-07-14T14:23:19.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The crypto community will build with or without us. Congress’s job is to develop common-sense, innovation-forward regulations so opportunities stay here at home and Americans can adopt this technology with confidence.
forbes.com/sites/zengerne…
2022-06-22T15:12:48.000Z · via Twitter
Tom Emmer
@RepTomEmmer
This weekend, I had the chance to tour @RiotBlockchain’s Bitcoin mining facility, Whinstone, built with the help of Industrial Louvers Inc. based in Delano, MN! pic.twitter.com/YttOhyHTea
2022-06-13T16:03:20.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I have introduced legislation to prevent the Fed from issuing a CBDC directly to Americans. emmer.house.gov/press-releases…
2022-06-06T21:13:25.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Americans are right to be concerned. For instance, China has already created a CBDC that can be used to spy on citizens and marginalize political dissidents.
2022-06-06T21:13:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Fed report pitched a CBDC that would supposedly ensure privacy while also prioritizing user-identification. But “privacy” and “identification” are irreconcilable.
2022-06-06T21:13:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Over 70% of public respondents to the Fed’s report on central bank digital currency DO NOT support the U.S. developing a CBDC. cato.org/blog/72-commen…
2022-06-06T21:13:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
RT @FinancialCmte: It’s unclear what problems, if any, a U.S. #CBDC would solve.
Committee Republicans believe #stablecoins—if issued unde…
2022-05-26T17:18:41.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Any U.S. backed CBDC must be open, permissionless, and private.
Anything less than that is nothing more than a government surveillance tool.
We must understand the problems a CBDC could solve before considering launching one.
theamericanconservative.com/articles/biden…
2022-05-24T20:12:58.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Self-directed 401(k) accounts should be… self directed. Congress will ensure the government cannot prohibit Americans from investing part of their self-directed 401(k) accounts in Bitcoin or any other assets.
2022-05-20T16:40:31.000Z · via Twitter
Tom Emmer
@RepTomEmmer
.@FinancialCmte wants to understand what problems a CBDC would solve BEFORE we create and launch one.
2022-05-19T18:06:25.000Z · via Twitter
Tom Emmer
@RepTomEmmer
This is why, ahead of next week’s Financial Services Committee hearing on CBDCs I joined @PatrickMcHenry and the @FinancialCmte in a letter to @FederalReserve Chair Jerome Powell concerning the Fed’s recent CBDC white paper.
twitter.com/FinancialCmte/…
2022-05-19T18:06:25.000Z · via Twitter
Tom Emmer
@RepTomEmmer
.@GaryGensler, you put all of the SEC’s taxpayer funded resources into crypto crackdowns. Now you don’t have the funds to do your actual job so you’re coming to Congress for more? You’ve got to be kidding me. pic.twitter.com/L1fH5Cd57m
2022-05-18T18:45:38.000Z · via Twitter
Tom Emmer
@RepTomEmmer
ICYMI: FASB will (finally) establish crypto accounting standards. See our nonpartisan letter about this issue below. 
https://t.co/ymjXCou8xD
https://t.co/ymjXCou8xD2022-05-13T16:00:26.000Z · via Twitter
Tom Emmer
@RepTomEmmer
For that reason, I introduced the FSOC Reform Act, which brings the FSOC under congressional oversight and increases the transparency of the council. The future of crypto will be decided by the American people, not bureaucrats. pic.twitter.com/9BblUvXQkg
2022-05-12T20:02:07.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Congress has recognized that this bureaucratic regulatory posture on digital assets is unproductive. So, we are working together, across the aisle, to find solutions that will allow the United States to lead in digital asset policy.
2022-05-12T20:02:07.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Instead, the PWG wants Congress to pass stablecoin legislation that doesn’t have consensus in Congress, not even amongst Committee Democrats, and is threatening to utilize the "independent" FSOC as a vehicle to circumvent Congress and the American people on digital asset policy.
2022-05-12T20:02:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, Secretary Yellen confirmed that the FSOC is not supposed to take direction from the White House, as that would compromise the independence of the council. This doesn’t seem to be the case when it comes to digital assets and stablecoins…
2022-05-12T20:02:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
If Congress doesn’t pass the legislation the Admin wants us to pass? Doesn’t matter. The stablecoin report & the crypto EO both direct FSOC to find risks with digital assets and stablecoins - once they label it as systemically risky, regulators can move forward with their agenda.
2022-05-12T20:02:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The future of crypto, web3, and the “ownership economy,” cannot and must not be dictated by any entity that is supposed to be independent, but instead takes its cues from a political agenda. 
pic.twitter.com/VKZA1OpfTa
pic.twitter.com/VKZA1OpfTa
2022-05-12T20:02:05.000Z · via Twitter
Tom Emmer
@RepTomEmmer
FYI - @GaryGensler responded to our bipartisan oversight letter on the SEC’s crypto info collection process. Gensler’s response doesn't provide Congress with the specific data and insights we requested in our 13 questions.
Don’t worry, CT, we will obtain this information. pic.twitter.com/PnbcFWnjMN twitter.com/RepTomEmmer/st…
2022-05-11T16:32:43.000Z · via Twitter
Tom Emmer
@RepTomEmmer
#ICYMI
Last week, I joined @AshBennington on @RealVision to discuss the ongoing conversation around crypto regulation in Washington, D.C.
Watch here:
realvision.com/shows/cryptove…
2022-05-10T18:26:08.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The SEC’s announcement to nearly double the size of its crypto enforcement unit does not seem very technology neutral.
pic.twitter.com/CMumbAxiW7
pic.twitter.com/CMumbAxiW7
2022-05-05T19:20:07.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I wonder how many taxpayer dollars are being wasted in @GaryGensler’s personal crusade against the crypto industry?
cnbc.com/2022/05/03/sec…
2022-05-03T14:37:26.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The Digital Commodity Exchange Act, reintroduced today by my friend @CongressmanGT, gives the CFTC the authority to regulate crypto spot markets - streamlining regulation for exchanges and providing a place for tokens deemed not securities (digital commodities) to trade.
2022-04-28T19:36:10.000Z · via Twitter
Tom Emmer
@RepTomEmmer
I’ve been working with @CongressmanGT, @RepRoKhanna, and @RepDarrenSoto (members of the Blockchain Caucus) on two pieces of sensible, pro-crypto legislation that recognize a token is separate and distinct from a securities offering… because U.S. framework should reflect that.
2022-04-28T19:36:10.000Z · via Twitter
Tom Emmer
@RepTomEmmer
ICYMI
Last week I joined @Avery_Akkineni on @GaryVee’s #MarketingForTheNow. We had a great discussion about my recent crypto legislation, web3, and CBDCs.
Watch here:
youtube.com/watch?v=i3Nd9A…
2022-03-31T15:29:11.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The U.S. is not “behind China on crypto.” CBDCs are not crypto – they’re a government surveillance tool. Crypto creates freedom, it doesn’t destroy it.
2022-03-30T19:13:41.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Any central bank digital currency that is not open, permissionless, and private – like cash – is simply a surveillance tool. I am proud to have @SenTedCruz lead the Senate companion of my CBDC legislation.
2022-03-30T15:04:07.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto donations to Ukraine have totaled almost $100 million.
40% of the vendors supporting Ukraine have accepted crypto as payment.
Banks in Ukraine are not operating. Crypto exchanges are operating 24/7.
Crypto is essential.
https://t.co/mXmwG7JPqf2022-03-24T15:46:02.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Yes! Also, any US CBDC must be open, permissionless, and private - like cash. twitter.com/RepBryanSteil/…
2022-03-23T14:59:20.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto startups must not be weighed down by extra-jurisdictional and burdensome reporting requirements. We will ensure our regulators do not kill American innovation and opportunities.
2022-03-16T15:30:36.000Z · via Twitter
Tom Emmer
@RepTomEmmer
This is why I sent a bipartisan letter today to SEC Chair @GaryGensler with @RepDarrenSoto, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, and @RepRitchie regarding the SEC’s crypto information seeking process. pic.twitter.com/8HcTgZA0XL
2022-03-16T15:30:35.000Z · via Twitter
Tom Emmer
@RepTomEmmer
My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation.
2022-03-16T15:30:27.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Shifting to a cashless economy is inevitable, but we should never surrender decentralized money.
2022-03-14T13:22:46.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Fortunately, there are decentralized payment tools that preserve the democratic values that are so integral to the free world. I am dedicated to ensuring Americans have financial tools that, like cash, are open, permissionless, private, and resilient to intermediated control.
2022-03-14T13:22:45.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Overall, it’s critical that we maintain tech and economic leadership on the global stage and I look forward to continuing to work to find bipartisan solutions to keep our great crypto community right here in the United States.
2022-03-10T01:54:03.000Z · via Twitter
Tom Emmer
@RepTomEmmer
2) The EO places the “highest urgency” on the agencies to study CBDCs. Any commonsense analysis of a potential U.S. CBDC that is not open, permissionless, and private would illuminate that the very idea is an entire nonstarter and a disservice to Americans.
2022-03-10T01:54:02.000Z · via Twitter
Tom Emmer
@RepTomEmmer
3) Most fortunately, the EO doesn’t ask the SEC to weigh in. SEC Chair Gensler has spent the past year intimidating crypto innovators and entrepreneurs with his unproductive regulation by public statement and enforcement action. His input is not critical.
2022-03-10T01:54:02.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Given this Admin’s regulatory posture toward the crypto community, we have no reason to assume that the directives in the EO will yield results that appropriately acknowledge the importance of leading w. digital asset policies that prioritize open, permissionless, & private tech.
2022-03-10T01:54:01.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Sec. 1 findings of the EO are sound: We have a national interest in fostering digital asset innovation. The rest of the EO focuses on consumer protection, systemic risks, global competitiveness, international standards, and placing guardrails on code to make sure its resilient.
2022-03-10T01:54:00.000Z · via Twitter
Tom Emmer
@RepTomEmmer
(The @BlockCaucus has been advancing a pro-crypto legislative and oversight agenda for the past 8 years.)
2022-03-10T01:53:59.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto, tokenization, blockchain, NFTs, smart contracts, & stablecoins are powering a more viable economic structure with individual autonomy. As a country, it’s imperative that we develop a strategy to foster this innovation.
2022-03-10T01:53:59.000Z · via Twitter
Tom Emmer
@RepTomEmmer
As expected, this Executive Order directs various federal agencies to study benefits and risks of digital assets to our economy/global competitiveness and provide legislative recommendations.
2022-03-10T01:53:58.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Just finished reviewing Biden’s Executive Order on Digital Assets… Here are a few thoughts:
2022-03-10T01:53:57.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Crypto is one of the only ways to securely and reliably get funds into Ukraine. Let’s focus on that & not spew misinformation that has been discredited by Treasury officials.
2022-03-08T23:19:12.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Another bad take. US-regulated crypto exchanges are compliant with sanctions -- that fact alone highlights the need to foster crypto innovation domestically and not push it offshore.
coindesk.com/policy/2022/03…
2022-03-08T23:19:11.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Nothing makes the case for crypto more than a government freezing bank accounts to suppress free speech…
pic.twitter.com/Ud8ZtoMy3h
2022-02-15T15:52:24.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Last week, I joined the @BanklessHQ podcast to discuss the future of crypto in the United States.
Listen here
https://t.co/iJVlhrtmsU
https://t.co/iJVlhrtmsU2022-02-14T18:27:53.000Z · via Twitter
Tom Emmer
@RepTomEmmer
The report:
Doesn't provide a definition for stablecoin
Asserts that both bank-like products & investment-like products could be stablecoins
Abuses this ambiguity to ask Congress to lump these assets together & hand them solely to the banks
I'm not on board with that.
Doesn't provide a definition for stablecoin
Asserts that both bank-like products & investment-like products could be stablecoins
Abuses this ambiguity to ask Congress to lump these assets together & hand them solely to the banks
I'm not on board with that.2022-02-08T19:55:06.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Today, I discussed the President’s Working Group Report on stablecoins' dangerous lack of nuance. See my remarks here
https://t.co/fNK9KVNjth
https://t.co/fNK9KVNjth2022-02-08T19:55:05.000Z · via Twitter
Tom Emmer
@RepTomEmmer
Good to give Americans more access to the digital asset ecosystem through the traditional markets.
coindesk.com/markets/2022/0…
2022-02-07T19:26:17.000Z · via Twitter
Tom Emmer
@RepTomEmmer
We should logically be able to use crypto for everyday, small dollar transactions. Our tax code shouldn’t complicate that. Proud to support @RepDelbene’s very commonsense bill. pic.twitter.com/FMHs5UX6Xz
2022-02-03T17:44:44.000Z · via Twitter