Tagged: tom emmer

Chatter: SEC is Preparing for More Oversight if Republicans Gain Control of House

Currently, the Democrats control the legislative and executive branches of government meaning they should be able to run wild with their legislative agenda. The reality is a bit different though, due to close margins in both the House and Senate and the fact that moderates… Read More

Congressman Tom Emmer Criticizes Tornado.Cash Sanctions, Sends Letter to Treasury Secretary Yellen

  The sanctioning of open source crypto mixer Tornado.cash has generated much scrutiny and questions about the legality of a governmental entity punishing code. On August 8th, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against the crypto mixer, citing occurrences… Read More

Does the Federal Government Hold Crypto?

Does the US Federal Government hold crypto? Probably so. Following enforcement actions or tax violations, the feds may confiscate various types of assets, and these can include digital ones like Bitcoin, etc. Earlier this week, Congressman Tom Emmer, along with Congressman Joe Auchincloss, reminded us… Read More

Congressman Emmer: The Accredited Investor Definition is “Absurd”

Congressman Tom Emmer, a member of the House Committee on Financial Services, has distributed a tweet calling the definition of an Accredited Investor “absurd.” The SEC’s accredited investor regulations are absurd. Gatekeeping wealth creation is un-American. Americans are smart enough to make their own financial… Read More

Perspective: Congressman Tom Emmer Advocates on Behalf of Crypto Innovators as the SEC Stifles Innovation

Congressman Tom Emmer distributed a series of Tweets this past week that is emblematic of the frustration pertaining to the digital asset industry and a recalcitrant Securities and Exchange Commission when it comes to fostering a productive regulatory environment. Included in the Tweets, the Congressman… Read More

Crypto Supporter Congressman Tom Emmer Unpacks His Thoughts on Digital Asset Executive Order

Congressman Tom Emmer, a supporter of blockchain technology and crypto in general, has tweeted out his thoughts on the Executive Order on Digital Assets. Published yesterday by the Biden White House, the Executive Order has been widely embraced by the crypto community as doing no… Read More

Congressman Tom Emmer Introduces Legislation Prohibiting the Fed From Issuing CBDC to Consumers

Congressman Tom Emmer introduced legislation today designed to prohibit the US Federal Reserve from issuing Central Bank Digital Currency (CBDCs) directly to consumers. Emmer is a member of the House Committee on Financial Services and ranking Member on the Fintech Task Force. According to the… Read More

Republicans on House Financial Services Committee Distribute Principles for Central Bank Digital Currency

Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More

House Members Send Letter to Secretary Janet Yellen Requesting Clarification on Stablecoins

Warren Davidson

US House of Representatives Patrick McHenry, Tom Emmer, and Warren Davidson have co-authored a letter addressed to the Secretary of the US Department of Treasury Janet Yellen. The Congressmen have requested that Yellen clarify her position on stablecoins – digital assets typically tied to fiat… Read More

Two House Representatives Introduce Micro-Offerings Legislation to Help Smaller Firms Raise Needed Funding

Congressman Patrick McHenry and Congressman Tom Emmer have joined to introduce new micro-offering legislation. McHenry is the ranking member on the House Financial Services Committee. Both McHenry and Emmer have long been supportive of financial innovation and small businesses in general. The Small Entrepreneurs’ Empowerment… Read More

US Congressman Re-Introduces Bill that Seeks to Protect Blockchain Innovation

Congressman Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act along with Congressman Darren Soto. The legislation aims to address Financial Action Task Force (FATF) proposed guidance that could stifle blockchain innovation in the United States and elsewhere. FATF has advocated for stricter regulation of… Read More

Infrastructure Bill with Language Damaging to Crypto Sector Passes the Senate

Earlier today the US Senate voted on a massive bill that, while labeled infrastructure, included a cornucopia of pet projects and unrelated policy goals. Squirreled away in the legislation was language designed to raise revenue by taxing crypto transactions as well as broadly defining the… Read More

Congressman Patrick McHenry Posts Update on Financial Services Committee Leadership Changes

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has posted an update regarding several leadership positions including the new Task Force on Fintech and Task Force on Artificial Intelligence. The following Representatives are now taking the designated leadership roles: Ranking Member… Read More

Industry Advocates in Washington, DC This Week to Consult on Cryptocurrency Legislation

Warren Davidson

Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More

Venture Exchange Bill Passes US House of Representatives on Voice Vote

The US House of Representatives passed the “Main Street Growth Act” (H.R. 5877) yesterday. The bill was passed on a voice vote indicating solid bipartisan support. Sponsored by Representative Tom Emmer of Minnesota, the bill amends the Securities Exchange Act of 1934 to allow for… Read More

House Financial Services Subcommittee: Representative Sherman Tells SEC to Shut All ICOs Down, Representative Emmer Sees “Real Opportunity” with Crypto

Last week, while New York City saw thousands of cryptocurrency enthusiasts discuss the benefits of digital assets and blockchain, a House Financial Services subcommittee reviewed initial coin offerings with the leaders of the Securities and Exchange Commission (SEC) Enforcement Division. The Congressional Hearing provided a… Read More

Micro-Offering Exemption Passes House of Representatives, Next Up the Senate

The House of Representatives passed the Micro Offering Safe Harbor Act (HR 2201) today largely on a party line vote of 232 to 188. The bill, sponsored by Representative Tom Emmer from Minnesota,  seeks to allow small businesses to raise up toe $500,000 per year… Read More

Massive Rule 147 Amendments May Be On The Horizon Impacting Intrastate Crowdfunding

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

House of Representatives Passes Several Bills to Boost SMEs. Now Off to the Senate

The House of Representatives passed four bills this week designed to help smaller businesses access the capital they need to expand, hire and grow the economy.  Small businesses are the economic engine of the country. Small businesses provide 55% of all jobs and 66% of all… Read More

House of Representatives to Debate “Accelerating Access to Capital Act” & More to Help Small Business

This coming week the House of Representatives will debate several bills previously approved by the Financial Services Committee.  The legislation is designed to improve access to capital for SMEs by reducing regulatory burdens and streamlining the process. HR 2357, the Accelerating Access to Capital Act,… Read More

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