bloomberg news
WASHINGTON – U.S. House Majority Whip Rep. Tom Emmer (R-Minn.) has announced that at least one of Rep. Patrick McHenry's (R) digital assets bills is poised for passage in the House. He said that
Emmer, who as a member of the House leadership has influence over decisions on which bills are voted on, spoke at the American Bankers Association's Washington Summit on Tuesday, despite the deadlock in Congress. He said parts of the bill could come from the House Finance Committee. The Services Commission could move forward.
“He has two laws,” Emmer said. “He has other pieces, but the two pieces of his that are really interesting to me are the ones that are going to be on the floor.”
Emmer said the first one was McHenry's.
The second bill, McHenry's stablecoin bill, may still need some work, Emmer said. The bill, which has seen success and setbacks between McHenry and the committee's ranking member, Rep. Maxine Waters (D-Calif.), would give some power to state regulators. Become.
“That guy still has some work to do,” Emmer said. “Patrick would say that, but he's trying to find a way to make it happen.”
Emmer is considered a champion of cryptocurrencies and has used his positions on both the House leadership and the House Financial Services Committee to highlight the innovations he believes cryptocurrencies can bring to the financial system.
“This is all about the future of the dollar, and not just the future of the world's largest banking system,” Emmer said. “If there are stablecoins out there that are backed by the US dollar, imagine the opportunities we have all over the world because people want to trade with dollars.”
