The Minnesota Republican has been Capitol Hill’s top cryptocurrency advocate for years.
House Majority Whip Tom Emmer walks past reporters as Republicans hold a conference meeting at the Capitol in Washington, Oct. 19, 2023. | Alex Brandon/APBefore Friday, the House speaker fight looked like it could be another blow to the beleaguered cryptocurrency lobby, slowing down industry-backed legislation from reaching the floor.
The former ice hockey player and coach is a bit of an unlikely crypto hero. But he has taken a lead role on the issue for much of his time in Congress, serving as co-chair of the Congressional Blockchain Caucus and introducing several digital currency bills. He has been a fierce critic of the Securities and Exchange Commission’s crypto crackdown and has led work on legislation to block the Federal Reserve from launching its own digital dollar.
“Emmer brings a fresh perspective, a lot of energy with his personality,” said Ron Hammond, the director of government relations at the Blockchain Association, a crypto trade group. “For the industry, it’s a great thing to have someone who understands these technologies.” “We need a countering voice to the White House and Elizabeth Warren,” Carbone said. “Having a speaker who’s willing to stick his neck out and support the industry and use his bully pulpit and his platform to advocate for us, I think that brings the debate to a more even playing field. And we’ve been missing that for so long.”
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