Does Tom Emmer Jr. Support Crypto?

Based on previous comments, Tom Emmer Jr. has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Tom Emmer Jr. has made about Bitcoin, Ethereum, and cryptocurrency innovation.

Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
"By barring the Federal Reserve from issuing a U.S. CBDC to consumers, the CBDC Anti-Surveillance State Act would avoid the unnecessary risks to consumers and small businesses that a U.S. CBDC would pose. We thank Rep. Emmer for introducing this important legislation..." - @ICBA
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"Heritage Action supports the CBDC Anti-Surveillance State Act and will include COSPONSORSHIP of this legislation on our legislative scorecard…The CBDC Anti-Surveillance State Act protects individual liberty and prevents threats of government coercion..." - @Heritage_Action
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"We support the CBDC Anti-Surveillance State Act – legislation aimed at preventing a CBDC from being issued in the United States. Blockchain Association thanks Majority Whip Emmer for his continued leadership on this critical issue." - @BlockchainAssn
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"...creation of a CBDC represents a massive expansion of government control over the economy, and it would trample on individuals’ rights...It is for these reasons we urge you to support…H.R. 5403, the CBDC Anti-Surveillance State Act." - @AFPhq
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"The CBDC Anti-Surveillance State Act is also necessary legislation. CBDCs not only crowd out private cryptocurrencies, but they are also an existential threat to consumer privacy protections." - @taxreformer, along with a coalition of conservative organizations
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"ABA believes strongly that a CBDC...is unnecessary in the United States and would present unacceptable risks and costs to the financial system...the ABA welcomes and strongly supports H.R. 5403, the CBDC Anti-Surveillance State Act..." - @ABABankers
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
"We must never emulate the Chinese Communist Party’s social credit system, which they weaponize to punish citizens who disagree with the government by cutting them off from the economy. The CBDC Anti-Surveillance State Act would stop this dangerous behavior." - @A1Policy
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
The House is getting ready to vote on my CBDC Anti-Surveillance State Act. We’ll be one step closer to ensuring unelected bureaucrats are NEVER allowed to trade Americans' financial privacy for a surveillance-style CBDC. Here’s what key stakeholders are saying about our bill:
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
We don’t make trade-offs with American’s rights. This week, we will pass our CBDC Anti-Surveillance State Act to prohibit unelected bureaucrats at the Fed from stripping the American people of their right to financial privacy.
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
The idea of a central bank digital currency is more than alarming, it is down-right un-American. This week, the @HouseGOP will uphold the American values of privacy, individual sovereignty, and free-market competitiveness by passing my CBDC Anti-Surveillance State Act.
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
Crypto has shifted economic power from centralized institutions back into the hands of the people. The CBDC Anti-Surveillance State Act, the Securities Clarity Act, and FIT21 will provide the regulatory certainty needed to ensure that web3 is designed with our American values.
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
This week, the House will take up two of my landmark pieces of legislation. -The CBDC Anti-Surveillance State Act -The Securities Clarity Act These bills will ensure the future of crypto is determined by the American people – not @POTUS and the Administrative State.
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
Crypto is in the middle of a policy tug-of-war between the Administrative State and the American people. Congress just passed the SAB 121 repeal on a bipartisan basis. If Biden vetoes, it proves he wants to kill opportunities for Americans at the expense of Americans.
· via Twitter
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Tom Emmer Jr.
@RepTomEmmer
Today, we will vote to overturn @GaryGensler’s illegal SAB 121 rule. This rule prevents banks from safeguarding digital assets for their customers, which only increases concentration risk in our market and puts American digital asset holders in a vulnerable position.
· via Twitter
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Cosponsored a bill on Mar 5th, 2024
Bill Name
SAB 121 House Joint Resolution

Details
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
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Tom Emmer Jr.
@RepTomEmmer
“ABA has long believed that a CBDC would pose significant risks to our financial system that would outweigh any potential benefits, including undermining the critical role that banks play in extending credit and powering the economy.” -@ABABankers
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
“CBDCs present major privacy concerns for everyday Americans, including granting the government the ability to collect intimate personal details on U.S. citizens, and potentially track and freeze funds for any reason.” -@BlockchainAssn
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
My bill, the CBDC Anti-Surveillance State Act, garnered significant momentum this week: - 120 cosponsors - Broad coalition support - Reintroduction of @SenTedCruz's Senate companion Here's what stakeholders are saying about this important legislation:
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
"Anti-CBDC legislation is necessary to safeguard Americans' financial privacy in the face of potential surveillance, control, and political intimidation... We will be issuing a Key Vote Cosponsorship in support of Whip Emmer and Senator Cruz’s bill..." -@Heritage_Action
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
Senators are writing legislation based on the Wall Street Journal's inaccurate reporting. Since Treasury has accurate data, it has an obligation to correct the record on the size of Hamas's digital asset fundraising efforts.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@RepTomEmmer
The FSOC hides in a black box, shielded from Congressional oversight. It designates industries as “systemically risky,” and has been weaponized to wield that power to carry out political agendas rather than protect the market at large. Case in point: digital assets.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Cosponsored a bill on Nov 2nd, 2023
Bill Name
Uniform Treatment of Custodial Assets Act

Details
To prohibit certain Federal agencies from requiring certain institutions to include assets held in custody as a liability, and for other purposes.
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Sponsored a bill on Sep 12th, 2023
Bill Name
CBDC Anti-Surveillance State Act

Details
To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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:
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Tom Emmer Jr.
@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.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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Profile picture of Tom Emmer Jr.
Tom Emmer Jr.
@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.
· via Twitter
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