Bankless 105 - Crypto in Washington | Congressman Tom Emmer
Feb 14, 2022
Congressman Tom Emmer, a dedicated crypto advocate from Minnesota, sheds light on the evolving stance of Washington towards cryptocurrency. He challenges the notion that the government is entirely anti-crypto, revealing the complexities of legislative conversations. Emmer emphasizes the urgent need for updated regulations to prevent losing innovators to other countries. The discussion also touches on the implications of centralized digital currencies like China's, urging a focus on privacy and innovation. Find out how grassroots efforts are reshaping crypto policy in D.C.!
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Crypto: A Non-Partisan Issue
- Crypto is a non-partisan issue, appealing to those who value individual empowerment.
- The perceived "anti-crypto" sentiment reflects a broader pro-government vs. anti-government divide.
2021 Infrastructure Bill's Impact
- The 2021 infrastructure bill's crypto tax provision sparked a surge of citizen lobbying.
- This highlighted crypto's financial potential and prompted policymakers to learn more about it.
Risks of Misguided Crypto Policy
- Misguided crypto policy risks the U.S.'s economic leadership and individual freedoms.
- A central bank digital currency (CBDC) as a surveillance tool threatens innovation and privacy.
