Outside Source
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.
News
United States Representative Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence.
“With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans, with American values,” the Minnesota Republican said on X on Jan. 15.
The House Financial Services Committee’s Subcommittee vice chairs and subcommittee assignments for the 119th Congress were announced by Committee Chairman French Hill on Jan. 14.
The subcommittee was created in 2023 to oversee the development and use of crypto assets and related financial technologies and examine the use and development of AI in financial services.
“With active and knowledgeable Chairs and Vice Chairs leading our Subcommittees, we are ready to tackle the critical challenges ahead,” said Hill, who added:
“Together, our Committee will work to craft a regulatory framework that maintains America as a leader in innovation while protecting consumers and investors, right-sizing the regulatory system including for community banks, and ensuring our agencies are held accountable to their statutorily directed missions.”
Source: Tom Emmer
Earlier in January, Congressman Bryan Steil was chosen to lead the Financial Services Subcommittee. In September, the Wisconsin Representative said that it was “imperative” for US lawmakers to move forward in creating a crypto regulatory framework.
French Hill also said that one of the committee’s priorities for 2025 would be to create a regulatory framework for crypto assets.
The House and Senate are moving ahead of President-elect Donald Trump’s inauguration on Jan. 20, and some crypto industry executives expect executive orders relating to digital assets could be issued quickly.
Related: Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG
In an interview with ABC News this week, House Majority Whip Emmer pledged to implement Donald Trump’s agenda, citing what he called a mandate to address spending, inflation and global stability.
“The public expects us to deal with the excessive spending, the debt, the deficit that has driven double-digit inflation at the beginning of the Biden term,” he said.
Magazine: Crypto market is ‘not playing ball’ so far in 2025: Jason Pizzino, X Hall of Flame
This article first appeared at Cointelegraph.com News
