{"id":35971,"date":"2025-01-15T10:06:42","date_gmt":"2025-01-15T10:06:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35971"},"modified":"2025-01-15T10:06:42","modified_gmt":"2025-01-15T10:06:42","slug":"rep-tom-emmer-named-vice-chair-of-house-subcommittee-on-digital-assets-and-ai","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35971","title":{"rendered":"Rep. Tom Emmer Named Vice Chair Of House Subcommittee On Digital Assets And AI"},"content":{"rendered":"

US Representative Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI). <\/span><\/p>\n

The Minnesota Republican announced the news on 15 January 2025. He<\/span> outlined his plans to align the future of digital assets with American values under President Donald Trump\u2019s administration.<\/span><\/p>\n

The House Financial Services Committee\u2019s Subcommittee vice chairs and subcommittee assignments for the 119th Congress were\u00a0<\/span>announced<\/span><\/a> by Committee Chairman French Hill on 14 January.\u00a0<\/span><\/p>\n

EXPLORE: <\/span>Elizabeth Warren Urges Trump To Tighten US Crypto Rules<\/span><\/a><\/strong><\/p>\n

Subcommittee To Oversee Crypto, Fintech, AI In Financial Service<\/span><\/h2>\n

The subcommittee, established in 2023, <\/span>is tasked with overseeing<\/span> the development of cryptocurrency, financial technologies, and AI within financial services. <\/span><\/p>\n

The subcommittee is expected to play a pivotal role in creating a clear regulatory environment for cryptocurrencies and emerging technologies. <\/span><\/p>\n

Congressman Bryan Steil is another key figure in the Financial Services Subcommittee. Steil has previously mentioned the urgency of establishing crypto regulations.<\/span><\/p>\n

French Hill has outlined the committee\u2019s priorities for 2025. This includes advancing crypto regulatory frameworks and ensuring financial agencies remain accountable. Hill expressed confidence in the leadership of Emmer and other experienced lawmakers to address critical challenges in these sectors.<\/span><\/p>\n

I am honored to have been selected as Vice Chairman of the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence.<\/p>\n

With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to\u2026<\/p>\n

\u2014 Tom Emmer (@GOPMajorityWhip) January 15, 2025<\/a><\/p>\n\n

The announcement comes ahead of President-elect Trump\u2019s inauguration on January 20, with speculation mounting about potential executive orders targeting digital assets. Some crypto industry leaders anticipate swift action from the administration.<\/span><\/p>\n

In a recent ABC News interview, House Majority Whip Emmer reiterated his commitment to supporting Trump\u2019s agenda. He highlighted the importance of tackling inflation, debt, and global stability, which he attributed to excessive spending during the Biden administration.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>15 New & Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n

Trump Appoints Crypto-Friendly Individuals To Key Positions<\/span><\/h2>\n

Earlier this month, Trump\u00a0<\/span>nominated former Securities and Exchange Commission Commissioner Paul Atkins<\/span><\/a>, a crypto advocate, to chair the agency. Industry leaders hope Atkins\u2019 leadership will bring a more favorable regulatory environment for digital assets.<\/span><\/p>\n

Under the Biden administration, outgoing SEC Chair Gary Gensler took a stringent approach to the crypto industry, initiating enforcement actions against several high-profile companies and projects.<\/span><\/p>\n

Trump has been critical of\u00a0Gensler\u2019s\u00a0policies, promising during his campaign to fire him\u00a0\u201con day one.\u201d\u00a0However, Gensler pre-empted this move by announcing his resignation, effective January.<\/span><\/p>\n

Furthermore, the President-elect has\u00a0<\/span>selected Paul Atkins<\/span><\/a>, a crypto advocate and former SEC commissioner,\u00a0<\/span>as his\u00a0choice<\/span> to lead the SEC.<\/span><\/p>\n

He\u00a0<\/span>has also<\/span>\u00a0<\/span>appointed\u00a0David Sachs<\/span><\/a>, a podcaster,\u00a0as the \u201cCrypto Czar\u201d in his cabinet. He\u00a0also\u00a0pledged to make America the \u201ccrypto capital of the world\u201d through initiatives like World Liberty\u2019s lending and borrowing platform.<\/span><\/p>\n

More recently, Trump has also\u00a0<\/span>hinted at plans<\/span><\/a>\u00a0for a US Bitcoin strategic reserve akin to the nation\u2019s strategic oil reserve.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

The post Rep. Tom Emmer Named Vice Chair Of House Subcommittee On Digital Assets And AI<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

US Representative Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI). The Minnesota Republican announced the news on 15 January 2025. He outlined his plans to align the future of digital assets with American values under President Donald Trump\u2019s administration. The House Financial Services […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35971","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35971"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35971"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35971\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}