Tom Emmer News

11.11 / 00:57

regulation FTX white house White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX

The White House said the Biden administration was monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions.

10.11 / 22:57

regulation SEC Congress Sec Chair lawmaker regulatory Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

Tom Emmer, the recently re-elected Republican lawmaker representing Minnesota’s 6th district in the United States House of Representatives, has alleged Securities and Exchange Commission chair Gary Gensler had been helping FTX CEO Sam Bankman-Fried to gain a “regulatory monopoly” through the crypto firm.

09.11 / 22:55

Congress Elections Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who have expressed staunch views on digital asset regulation won on Nov. 8.

06.10 / 01:11

regulation Department Of Justice Congress lawmakers US lawmakers US lawmakers request Justice Dept share CBDC assessment

Republican members of the House Financial Services Committee have requested the Department of Justice provide its assessment and legislative proposals around a digital dollar within ten days.

14.09 / 02:27

Blockchain UPS Twitter Binance Lobby Is Blockchain Association gearing up to lobby candidates ahead of elections

Washington-based trade group Blockchain Association has announced that it will be launching a Political Action Committee (PAC) in a bid to support pro-crypto candidates.

30.08 / 23:59

Government Law regulation lawmaker index Crypto 'cannot be partisan,' says US lawmaker who scored negative on bipartisanship index: Report

United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans.

25.08 / 13:15

BLOCK Cooper Tether USDT NOT Tether Says Will Not Block Tornado Cash until it is Directed by Authorities

The broader cryptocurrency industry is subtly pushing back against the sanctions on Tornado Cash by the United States Treasury Department for facilitating the transaction of illicit funds.

23.08 / 23:07

regulation SEC Action sanctions Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen

United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of Foreign Assets Control (OFAC).

21.07 / 00:35

Digital SEC Action Emmer: SEC using enforcement to ‘unconstitutionally expand its jurisdiction’

Senator Tom Emmer is in the news today after he claimed that the U.S SEC is still actively pursuing cryptocurrency entities. In doing so, it has gone beyond its authority, he added.

20.07 / 12:59

regulation SEC us government Crypto Companies US senator blasts SEC for non-judicial actions against crypto companies

Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies.

20.05 / 20:55

Blockchain Digital Forbes Bitcoin U.S. Congress finally introduces crypto bills; here’s what you should know

The United States Congress has elaborated on its plan to regulate cryptocurrencies and other digital assets after careful assessments. The legal ambiguity of digital assets has been a major concern in several major economies. The recent Terra crash has only increased the need for regulation in which $15 billion was lost from the crypto market.

29.04 / 05:45

Stablecoin CFTC Congress Bipartisan bill to give CFTC authority over exchanges and stablecoins

A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC).

31.03 / 00:55

Blockchain Adoption regulation Federal Reserve retail CBDC Ted Cruz introduces companion to Emmer's bill to exclude Fed retail CBDC digital currency issue

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it to be considered in both chambers of Congress at the same time.

17.03 / 04:31

Adoption SEC Congress Congress members concerned SEC stifling innovation with crypto scrutiny

In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry.

10.03 / 16:11

regulation Social Media community Executive executive order Crypto Community is Divided on Biden’s Crypto Executive Order

American crypto traders and investors are likely to face a new raft of regulations after the United Stated President Joe Biden issued an Executive Order entitled: “Ensuring Responsible Development of Digital Assets.” The document seeks to create a framework of stricter and – some argue – more coherent regulations for the crypto sector.

17.02 / 21:35

ETF SEC Bitcoin Future Sec Chair spot bitcoin bitcoin etfs spot bitcoin ETFs SEC chair hints at no spot Bitcoin ETFs yet, but cites 'careful consideration' for future

Gary Gensler, chair of the U.S. Securities and Exchange Commission, has responded to a letter from lawmakers calling the regulator denying approval of Bitcoin spot exchange-traded funds “unacceptable.”

13.02 / 13:37

Digital SEC Platform Action Report: BlockFi Inc. might have to shed $100 million to settle with the regulators

Bloomberg reported citing sources that BlockFi Inc. might have to pay $100 million to settle with the Securities and Exchange Commission (SEC) and the state regulators. The allegations include offering a high interest-bearing product illegally via lending out digital tokens.

04.02 / 21:37

Law Winter Olympics lawmakers US lawmakers US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

04.02 / 21:00

Digital Citizens United States: Bill to reduce crypto tax on transactions reintroduced as use cases increase

As the asset class has gone considerably mainstream over the past few years, countries worldwide are struggling with the formation of a clear crypto tax regime, especially as the dynamics and use cases of the industry continue to evolve.

03.02 / 20:51

Government IRS Taxes lawmakers US lawmakers US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200.

22.01 / 14:47

Dogecoin Twitter Bitcoin Doge If Dogecoin is a ‘security’, here’s what might go down with the SEC

Jim Cramer, the host of CNBC’s Mad Money took to Twitter for a rather controversial stance. He stated,

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