Dark Mode
Tuesday, 03 October 2023
Representative. Tom Emmer: Digital Assets Will Be a Small issue in the 2024 Elections

Representative. Tom Emmer: Digital Assets Will Be a Small issue in the 2024 Elections

Tom Emmer, a majority member of the United States House of Representatives and a supporter of cryptography, says that digital assets have become a sleeping problem in American politics, both at the state level and at the federal level.Speaking to Cointelegraph at the Permissionless II conference in Austin, Texas on September 11, Emmer said that some candidates running for president in 2024 may underestimate the impact of issues related to crypto and blockchain. Emmer pointed to concerns about financial privacy, particularly the central bank's government surveillance of digital currencies, or CBDC - this is politically powerful no matter what your political creed, he said. Democrats, Republicans and others believe that your personal information should belong to you, and you choose for yourself when to share it. According to Emmer, there is a generation gap in the US where residents can opt out of this policy.This could create interference in the digital space and thus displace technologically ignorant lawmakers. At least three candidates from both major US political parties have made a public stand against the CBDC in the 2024 elections. Republican Florida Governor Ron Desantis, who came second after former President Donald Trump, has promised to ban cbdc in the US in July if his election campaign is successful. In May, he signed a law in Florida that largely bans the use of federally issued digital dollars in the US state. Other candidates who have Decried the CBDC include Republican Vivek Ramaswami and Democrat Robert F. Kennedy Jr. it is taking place. We have a lot of laws and regulations that say when you should disclose, what you should disclose, but this shouldn't just be a general statement [about CBDC], Emmer said. [The US government] can make a digital assessment of the central banktal-if the currency is open, it does not have permissions and is private. He should imitate this money.Blockchain could validate artificial intelligence if cryptography triumphs in court: Representative Emmerammer has reintroduced a bill restricting the Federal Reserve from releasing CBDC in the United States. He also supported the change in allocations in Securities and Exchange Commission funds, which could reduce the Commission's ability to take mandatory actions against crypto companies. On September 20, the House Financial Services Committee will hold a meeting to discuss a bill to prevent the pilot use of the digital dollar, which could prohibit the Fed from launching CBDC pilot programs without Congressional approval. August September 14, the committee discussed CBDC for the first time since the August recess in Congress at a hearing.Magazine: Opinion: Republican Party crypto maxis are almost as bad as Democrats' anti-crypto army

Comment / Reply From