Michaela Alvez
House Majority Whip Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, placing him at the forefront of U.S. policymaking on emerging technologies.
Committee Chairman French Hill announced the vice chairs and subcommittee assignments for the House Financial Services Committee in the 119th Congress on January 14.
Established in 2023, the subcommittee is tasked with overseeing the advancement and application of cryptocurrency assets and financial technologies, as well as evaluating the role of artificial intelligence in financial services.
“With active and knowledgeable Chairs and Vice Chairs leading our Subcommittees, we are ready to tackle the critical challenges ahead,” Hill said in his announcement.
“Together, our Committee will work to craft a regulatory framework that maintains America as a leader in innovation while protecting consumers and investors, right-sizing the regulatory system including for community banks, and ensuring our agencies are held accountable to their statutorily directed missions,” he added.
In a post on X, Tom Emmer shared his enthusiasm for his new role while taking aim at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, criticizing his leadership.
“With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” he wrote.
During the 116th and 117th Congresses, Tom Emmer served as Chairman of the National Republican Congressional Committee. He also played a significant role in the FIT21 Bill, which introduced the term “digital commodity” for cryptocurrencies and outlined the SEC’s regulatory responsibilities in the space.
Additionally, in 2018, Tom Emmer successfully pushed for the repeal of specific provisions within the Dodd-Frank Act. This effort aimed to ease regulatory burdens on small banks and credit unions, enabling them to better support and serve the needs of their local communities.
“The public expects us to deal with the excessive spending, the debt, the deficit that has driven double-digit inflation at the beginning of the Biden term,” the Minnesota Congressman said in a recent interview with ABC News, where he committed to advancing President-elect Donald Trump’s agenda and emphasized the need to tackle issues such as spending, inflation, and global stability.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
