The House Whip (a.k.a. the “Crypto King of Congress”) blames over-centralization and old-fashioned fraud for FTX’s collapse, not crypto. As federal legislators consider new crypto legislation, can he persuade his colleagues of the same?
Rep. Tom Emmer, a co-chair of the congressional blockchain caucus, was chosen for a leadership role in the next Congress and is bullish on digital assets in the wake of FTX.
Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.
The President’s Working Group suggested Congress enact legislation that would limit stablecoin issuance to insured depository institutions, but this appears to be a nonstarter among the crypto-literate on Capitol Hill.
The Minnesota congressman is fighting what he sees as the “over-regulation” of the crypto industry and he’s no fan of a central bank-issued digital dollar.