Rep. Tom Emmer, a pro-crypto advocate, has been appointed Vice Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
The appointment came as part of the subcommittee assignments for the 119th Congress. Notably, the assignments reflect Congress’s growing focus on digital assets and financial innovation. This role positions Emmer as an essential figure in shaping U.S. policy on digital assets.
Focus on Digital Asset Leadership
The Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence plays a role in crafting regulations for the rapidly evolving financial sector. Emmer, a vocal supporter of blockchain and crypto, has emphasized the importance of maintaining American leadership in digital asset innovation.
In an X post, Emmer stated that the current political environment presents a unique opportunity to shape the future of digital assets.
I am honored to have been selected as Vice Chairman of the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence.
With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to…
— Tom Emmer (@GOPMajorityWhip) January 15, 2025
Emmer added that, with President Trump in office and Gary Gensler no longer influencing policy, the landscape has shifted. According to him, there is an excellent opportunity to ensure digital asset development aligns with American principles and values.
The subcommittee’s role extends to exploring how emerging technologies like artificial intelligence intersect with the financial system.
Meanwhile, in the announcement, Committee Chairman French Hill underscored the broader mission to ensure accountability. He also cited the importance of supporting community banks and protecting consumers within a balanced regulatory framework.
Hill’s remarks about the subcommittee assignments emphasized readiness to tackle pressing challenges. These include addressing oversight gaps and developing policies to bolster U.S. competitiveness in the global digital economy.
Advancing Trump’s Policy Mandate
Rep. Tom Emmer previously outlined his commitment to advancing President Donald Trump’s policy agenda despite the narrow majority held by House Republicans.
According to him, Trump’s election reflected a public mandate to address key issues, including excessive government spending, the national debt, and inflation concerns that arose early in the Biden administration.
Furthermore, Emmer highlighted public expectations for securing the southern border and fostering global peace and stability as priorities under Trump’s leadership.
Trump Administration’s Crypto Advisory Plans
Parallel to Emmer’s appointment, reports suggest the Trump administration is assembling a 24-member crypto advisory council. This move affirms the administration’s intent to involve industry leaders in policy formulation.
The council will advise on strategies for digital assets, including the creation of a proposed Bitcoin reserve. According to reports, most appointees are expected to be established figures in the crypto sector. Additionally, many of these already have connections to Trump’s team.
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