Crypto Advocate Emmer Named Vice Chairman of Cryptocurrency Subcommittee

Author: Martin Young, CoinTelegraph; Compiler: Wu Baht, Golden Finance

U.S. Rep. Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Fintech and Artificial Intelligence.

The Minnesota Republican told The future is led by Americans and in line with American values.”

The House Financial Services Committee's 119th Congress subcommittee vice chair and subcommittee assignments were announced on January 14 by Committee Chairman French Hill.

The subcommittee was established in 2023 to oversee the development and use of crypto-assets and related financial technologies, and to review the use and development of artificial intelligence in financial services.

"Led by a proactive and knowledgeable Chairman and Vice Chairman, we are ready to meet the critical challenges ahead," Hill said, adding:

“Our committees will work together to develop a regulatory framework that protects consumers and investors while maintaining America’s leadership in innovation, aligning the regulatory system, including community banks, and ensuring our agencies are committed to their statutory mission Responsible."

Source: Tom Emmer

Earlier in January, Congressman Bryan Steil was elected chairman of the Financial Services Subcommittee. In September, the Wisconsin congressman said U.S. lawmakers “must” move forward on a regulatory framework for cryptocurrencies.

French Hill also said that one of the committee’s priorities in 2025 will be to develop a regulatory framework for cryptocurrency assets.

As the House and Senate prepare for the January 20 inauguration of President- elect Donald Trump, some cryptocurrency industry executives anticipate that executive orders related to digital assets may be issued soon.

In an interview with ABC News this week, House Majority Whip Emmer pledged to implement Donald Trump's agenda, calling it a task to address spending, inflation and global stability.

"The public wants us to address the excessive spending, debt and deficits that contributed to double-digit inflation early in Biden's term," he said.