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On The Brink with Castle Island
Rep. Tom Emmer (R-MN) on Crypto’s Legislative Wins (EP.529)
May 24, 2024
Rep. Tom Emmer, Minnesota Representative, talks about recent crypto legislative wins and Washington's changing tone. Topics include anti-CBDC bill passing, Trump's support for crypto, Democrats' evolving views, SAB121 repeal, progressives' influence, FDIC chair resignation, stablecoin legislation, SEC's Ethereum ETF stance, FIT21 Act prospects, and Emmer's legislative expectations for 2024.
30:36
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Quick takeaways
- Importance of privacy in digital finance and dangers of CBDCs as surveillance tools.
- Significance of private stablecoins in financial system and decentralized approach to finance.
Deep dives
Whip Emmer on the Anti-Crypto Monitoring Bill
Representative Emmer discusses the passing of the anti-Cryptography Bill in the House, highlighting the importance of privacy in digital finance. He emphasizes the dangers of central bank digital currencies (CBDCs) becoming government surveillance tools and stresses the significance of private stablecoins in the financial system. Emmer argues for a decentralized approach to finance, opposing centralized control and advocating for private sector innovation in the digital asset space.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode