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Author: Martin Young, CoinTelegraph; Compiled by: Wuzhu, Bitchain Vision
U.S. Rep. Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, FinTech and Artificial Intelligence.
The Minnesota Republican said on X on January 15:“With President Trump’s entry into the White House and Gary Gensler was locked in the trash bin in Washington, we have a great opportunity to ensure that the future of digital assets is guided by Americans and in line with American values.”
The Vice-Chair and Subcommittee Subcommittee of the House Financial Services Committee, the 119th Congressional Subcommittee, was announced on January 14 by Committee Chairman France Hill.
The Subcommittee was established in 2023 to oversee the development and use of crypto assets and related financial technologies and to review the use and development of artificial intelligence in financial services.
“Under the leadership of the proactive, knowledgeable chair and vice-chair, we are ready to meet the key challenges ahead,” Hill said, adding:
“Our committee will work together to develop a regulatory framework that maintains the U.S. leadership in innovation while protecting consumers and investors, adjusts regulatory systems including community banks and ensures that our institutions have statutory missionsResponsible.”
Source: Tom Emmer
Earlier this January, Congressman Bryan Steil was elected chairman of the Financial Services Subcommittee.In September, the Wisconsin Representative said U.S. lawmakers “must” advance the formulation of a cryptocurrency regulatory framework.
French Hill also said thatOne of the committee’s priorities for 2025 will be the development of a regulatory framework for cryptocurrency assets.
The House and Senate are preparing for the inauguration of President-elect Donald Trump on January 20, and some cryptocurrency industry executives expect executive orders related to digital assets may be issued soon.
In an interview with ABC News this week, House Majority Whip Emmer pledged to carry out Donald Trump’s agenda and said it was a task to address spending, inflation and global stability.
“The public wants us to address the problems of overspending, debt and deficits that led to double-digit inflation early in Biden’s tenure,” he said.
