Exclusive — Whip Tom Emmer: Pro-Crypto Lawmakers Beating Anti-Crypto ‘Dinosaurs,’ ‘Kleptomaniac Bureaucrats Like Gary Gensler’

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

House Majority Whip Tom Emmer told Breitbart News in an exclusive interview that pro-crypto lawmakers are beating the “dinosaurs” in Congress and “kleptomaniac bureaucrats” like SEC Chairman Gary Gensler in the war over the future of financial technology.consumers by increasing transparency, and better clarify the regulatory overlap between the Securities and Exchange Commission and the Commodity Futures Trading Commission on cryptocurrencies.the H.R.

Emmer explained that Democrats and Republicans alike are becoming more accustomed to embracing the benefits that come with the digital currency space. He argued that the opposition to cryptocurrencies largely comes from the oldest members of Congress. He explained, “I look at the people who are arguing against this. They are all old; they are all 50 years old or older. This applies to 18 to 40 year old’s. It’s that age group, those voters, those constituents — this is their world, right? And these dinosaurs in Congress are literally standing in the way of this innovation. And literally, it’s the dinosaurs.

Emmer also said that these “dinosaurs” want a central bank digital currency because it would be used as a “surveillance tool.”Emmer said that lawmakers like Sherman and Waters are “carrying the water” for Gensler. The Minnesota congressman said that the FIT for the 21st Century Act is “going to drive the next iteration of the internet, which is — it’s exciting. This is … the future — the future has arrived.”WATCH: Crowd Gathers for Trump's Historic Rally in the BronxWATCH: Crowd Gathers for Donald Trump’s Historic Rally in the BronxNolte: Desperate Washington Post Turns to AI After Brutal $77 Million LossU.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Turkey Takes Crypto Bill to Parliament, Aims to Bring Crypto Licensing to the CountryThe bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.
Source: CoinDesk - 🏆 291. / 63 Read more »

Cahill Gordon & Reindel Beefs Up Crypto Practice, Adds 3 Crypto-Native Lawyers Including Lewis CohenCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Source: CoinDesk - 🏆 291. / 63 Read more »

Shouldn't All These Crypto Lawyers Start Learning About Crypto?Justin Wales is the head of legal for the Americas at Crypto.com. He is the author of 'The Crypto Legal Handbook: A Guide to the Laws of Crypto, Web3, and the Decentralized World' (available at www.thecryptolegalhandbook.com)
Source: CoinDesk - 🏆 291. / 63 Read more »

‘AI-Agents Will Do Crypto Transactions’: Arif Khan on the Future of Crypto-AIJeff Wilser is the author of 7 books including Alexander Hamilton's Guide to Life, The Book of Joe: The Life, Wit, and (Sometimes Accidental) Wisdom of Joe Biden, and an Amazon Best Book of the Month in both Non-Fiction and Humor.
Source: CoinDesk - 🏆 291. / 63 Read more »

Crypto-to-crypto swaps, explainedCrypto swapping enables users to easily exchange one currency for another on centralized and decentralized exchanges.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Crypto for Advisors: The Professionalization of CryptoSarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
Source: CoinDesk - 🏆 291. / 63 Read more »