The US House of Representatives has named a vice chair who will lead a congressional subcommittee tasked with overseeing policies and proposed measures involving crypto. The lower chamber of the US Congress recently announced subcommittee assignments for the 119th US Congress ahead of the upcoming inauguration of President-elect Donald Trump who promised during the campaign to enact pro-crypto policies.
New Crypto Subcommittee Chair
The American House of Representatives has disclosed this rap Tom Amer Minnesota’s 6th Congressional District will be the Vice Chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
I am proud to be elected as the Vice Chairman of the Sub-Committee on Digital Assets, Financial Technology and Artificial Intelligence.
Confined to the dustbin of Washington with President Trump and Gary Gensler in the White House, we have a great opportunity…
— Tom Emmer (@GOPMajorityWhip) January 15, 2025
In a statement, House Financial Services Committee Chairman Fran Hill announced the vice chairs and subcommittee assignments of U.S. lawmakers for the 119th Congress under his congressional committee, and Emmer was among those appointed as vice chairman.
“With active and knowledgeable chairs and vice chairs leading our subcommittees, we are ready to tackle the serious challenges ahead. Together, our committee will work to develop a regulatory framework […] and ensuring that our agencies are held accountable for their statutorily mandated missions,” Hill said in a press release published.
Analysts believed that the appointment of Emer, a known cryptocurrency The advocate emphasizes the direction of the US Congress to formulate policies governing digital assets and financial innovation, aligning itself with the Trump administration’s stance on the digital currency sector.
Clarity on crypto
Many market observers think that regulatory clarity in the crypto sector will become much more possible with Emmer, who heads the subcommittee dealing with digital assets.
In his leadership role, Emmer can help shape and influence legislative measures and regulations that will guide the sectors on digital assets and financial technologies.
“I am honored to be elected as the Vice Chairman of the Sub-Committee on Digital Assets, Financial Technology and Artificial Intelligence,” Emer said in a post.
The lawmaker believes that under the current political environment D Trump administration America will have a great opportunity to shape the future of the cryptocurrency landscape.
“With President Trump in the White House and Gary Gensler confined to the dustbin of Washington, we have a great opportunity to ensure that the future of digital assets is guided by Americans, with American values,” he wrote in an X post. added in
Trump’s Crypto Stand
During the campaign, Trump vowed to streamline cryptocurrency regulations to help the sector grow and thrive under his administration, turning the country into an international leader in digital asset innovation.
“The public expects us to deal with the excessive spending, debt and deficit that have driven double-digit inflation at the start of Biden’s term. They have asked Donald Trump to seal the southern border, and they want peace and stability around the world,” Emmer commented.
Featured image from CNN, chart from TradingView
