Tom Emmer’s recent appointment in Congress indicates a push to create an environment in which digital asset innovation thrives under pro-technology, American-led values.
The Future of Digital Assets: A Bold New Direction from Congress
Representative Tom Emmer from Minnesota has been named Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made this week by Representative French Hill from Arkansas, who serves as the Chairman of the House Financial Services Committee. Representative Bryan Steil from Wisconsin will act as the Chairman of the subcommittee.
Emmer took to the social media platform X on Tuesday to express his excitement for the new role. He highlighted:
“With President Trump in the White House and Gary Gensler relegated to the sidelines in Washington, we have a great opportunity to ensure that the future of digital assets is guided by Americans, based on American values.”
The Minnesota lawmaker then stated his intention to collaborate with Representative French Hill, chairman of the Financial Services Subcommittee on Digital Assets, Representative Bryan Steil, chairman of the House Administration Committee, and other colleagues “to cultivate an environment where digital asset innovation can prosper.”
Chairman Hill praised Emmer’s dedication to advancing digital asset policy and highlighted their past teamwork on significant legislative initiatives. He remarked:
“Majority Whip Emmer has been a prominent voice in Congress on digital assets. We worked together on the Anti-CBDC Surveillance Act in the 118th Congress and have closely cooperated on various digital asset-related matters.”
Emmer has been a strong advocate for blockchain technology and digital asset regulation during his time in office. Currently in his sixth term on the House Financial Services Committee, he has also co-chaired the Congressional Blockchain Caucus since 2018. Emmer has introduced several noteworthy legislative proposals, including the Securities Clarity Act and the Blockchain Regulatory Certainty Act. The 2021 CBDC Anti-Surveillance State Act he spearheaded solidified the Republican stance on central bank digital currencies, resulting in its approval by the House in 2024. As Majority Whip, Emmer has played a crucial role in developing legislation on stablecoins and digital asset market structure, highlighting his influence in shaping U.S. financial technology policy.
