Representative Tom Emmer of Minnesota will be the ranking member of Congress on a Task Force to advance the national discussion on emerging financial technology.
Emmer previously sponsored legislation such as the Blockchain Regulatory Certainty Act, which helped exempt certain blockchain businesses from onerous reporting and licensing requirements when they do not take control of customer funds.
He is also the co-chair of the Congressional Blockchain Caucus, and is described by Patrick McHenry, the House Financial Services Committee’s Ranking Member, as having “a strong understanding of the intricacies and great opportunities of financial technology”.
Emmer has recently announced three bills to support the development of blockchain technology. “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to lead on innovation and further growth, which is why I am introducing these bills,” he explained.