U.S. Congressman Tom Emmer has been named Vice Chair for the House Subcommittee dealing with Digital Currencies, Financial Technology, and Artificial Intelligence.
In the context of President Trump occupying the White House, and Gary Gensler being dismissed from the political scene in Washington, there’s a fantastic chance for us to shape the destiny of digital assets according to American principles, as expressed by a Minnesota Republican during their appearance on X on January 15.
On January 14, Committee Chairman French Hill revealed the appointments of vice chairs for the House Financial Services Committee’s subcommittees and their roles for the 119th Congress.
In 2023, a specialized committee was established with the purpose of monitoring the evolution and application of cryptocurrencies and fintech solutions associated with them, as well as exploring the integration of Artificial Intelligence within the financial sector.
Hill stated that with our Subcommittees being headed by energetic and well-informed Chairs and Vice Chairs, we are fully prepared to face the significant issues we’re about to encounter,” he/she continued.
“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.”
Previously in January, Representative Bryan Steil was appointed as the head of the Financial Services Subcommittee. As early as September, this representative from Wisconsin emphasized the urgency for U.S. legislators to progress in establishing a regulatory structure for cryptocurrencies.
French Hill stated that one of the committee’s aims for the year 2025 includes establishing a regulatory structure for digital currencies.
As I delve into my research, it’s becoming increasingly clear that both the House and Senate are proactively preparing their agendas well before President-elect Donald Trump’s inauguration on January 20th. Some prominent figures within the crypto industry anticipate that swift executive orders concerning digital assets may be issued in the near future.
This week in an interview with ABC News, House Majority Whip Emmer vowed to carry out former President Donald Trump’s policies, highlighting his view that there is a need to tackle issues such as budgeting, price increases, and international security.
He stated that the public wants us to tackle overspending, debt, and budget deficits which have contributed to high, double-digit inflation rates during the start of President Biden’s term.
Read More
- RLC PREDICTION. RLC cryptocurrency
- CAKE PREDICTION. CAKE cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- OM PREDICTION. OM cryptocurrency
- TRAC PREDICTION. TRAC cryptocurrency
- POL PREDICTION. POL cryptocurrency
- ZEN PREDICTION. ZEN cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- FLOKI PREDICTION. FLOKI cryptocurrency
2025-01-15 06:03