Nikolas Sargeant
Rep. Tom Emmer, a vocal supporter of cryptocurrency, has been appointed vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. Emmer, known for his advocacy for clear regulations around digital assets, expressed his excitement about the opportunity to help guide the future of crypto with “American values.” He made the comments on social media Tuesday, highlighting the shift in leadership with President Trump’s expected return to the White House.
The new subcommittee will focus on addressing regulatory challenges while promoting innovation and protecting investors. Chairman French Hill, also pro-crypto, emphasized the importance of creating a regulatory framework that avoids the regulatory overreach seen under SEC Chairman Gary Gensler. As the U.S. crypto industry looks toward Trump’s inauguration, the sector anticipates a more favorable stance on blockchain and digital asset policies.
More Appointments Point to Support for Cryptocurrency
President Trump received significant support from the cryptocurrency community, including from Elon Musk. He recently announced the appointment of Stephan Miran as his Chief of Economic Advisors. Miran is a well-known crypto advocate and former Treasury Secretary.
Additionally, rumors of a Bitcoin reserve have gained steam since his election. More recently, rumors of an inauguration day announcement have pushed BTC prices higher. Trump’s inauguration day is January 20th.
