Pro Crypto US Rep Tom Emmer Officially Bids for Speaker Role

Newton Mbogo
October 21, 2023
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Tom Emmer's Anti-CBDC Bill Getting Major "Coalition Support"

Republican Representative Tom Emmer has officially declared his bid for the role of Speaker. In a compelling letter addressed to colleagues on Saturday, the pro-crypto lawmaker expressed his unwavering commitment to fulfilling the promises made to the American people and outlined his vision for the future of the House.

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Tom Emmer’s Pledge

Reflecting on the past ten months, Emmer pointed out the pressing issues plaguing the nation, which he promised to help solve, including soaring debt, an open border crisis, economic struggles, and weak foreign policy.

Emmer, if granted the opportunity to become Speaker, also pledged to continue fostering a culture of teamwork, communication, and respect. Furthermore, he held himself accountable and promised to do the same for his colleagues.

“I will also always be honest and direct with all of you, even if we disagree. I will never make a promise I cannot fulfill. I expect to be held accountable, and you can expect that we will also keep you to your word.” Wrote Emmer.

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Will Tom Emmer Lead Crypto to Bull Market

Notably, while Emmer’s bid for Speaker signifies a potential shift in momentum within the House, one of the notable aspects of Emmer’s candidacy is his strong support for the cryptocurrency sector.

The lawmaker, 62, has consistently advocated for a more nuanced approach to cryptocurrency regulation, contrasting with the strict policies implemented by the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler. In a lunch date hosted by the Blockchain Association earlier this week Emmer underscored the pivotal role that digital assets can assume in tackling the nation’s surging debt crisis.

That said, many feel that Emmer’s support for the cryptocurrency sector could play a crucial role in shaping the regulatory landscape for digital assets in the United States. Importantly, his commitment to transparent and candid leadership is expected to resonate with fellow legislators, a vital factor in the eyes of the cryptocurrency community, which is keenly monitoring developments at Capitol Hill.

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Newton Mbogo is a crypto and DeFi specialist. He has a B.A Hons in Law from Kabarak University, where he studied complex economic, legal, and ethical theory relevant to the FinTech landscape. Newton has a particular interest in decentralization and privacy blockchains, as they directly relate to our human rights and flourishing.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.