US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security

A U.S. lawmaker has called connected Congress to absorption its efforts connected bringing much crypto enactment and opportunities to the United States successful bid to “bolster U.S. nationalist security.” Citing the Department of Justice’s enactment against crypto speech Binance, the lawmaker stressed that Congress does not request to rewrite laws that enactment successful the crypto space.

Rep. Emmer Calls for Focus connected Domestic Crypto Growth

House Majority Whip Tom Emmer (R-MN) shared his position connected Congress’ relation successful shaping cryptocurrency laws pursuing the Department of Justice’s settlement with Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ).

“Congress does not request to rewrite laws that enactment successful the crypto space. Yesterday’s palmy prosecution shows that erstwhile enforced, existent laws are suitable to assistance weed retired atrocious actors,” the lawmaker explained connected societal media level X connected Wednesday. He emphasized:

Congressional resources should alternatively beryllium spent moving to bring much crypto enactment and opportunities onshore to bolster U.S. nationalist security.

Rep. Emmer has been pushing for Congress to walk laws that payment the crypto sector. Earlier this month, the House of Representatives adopted an amendment helium attached to the Financial Services and General Government Appropriations Act of 2024 that limits the authority of the U.S. Securities and Exchange Commission (SEC) to transportation retired enforcement actions against the crypto industry.

In September, the House Financial Services Committee passed his CBDC Anti-Surveillance State Act, which halts the efforts of the Biden medication “from issuing a fiscal surveillance instrumentality that volition undermine the American mode of life.”

Emmer and respective different lawmakers person pushed to oust SEC Chairman Gary Gensler. In June, Emmer joined Rep. Warren Davidson successful supporting the SEC Stabilization Act that seeks to occurrence Gensler arsenic the seat of the securities regulator.

What bash you deliberation astir Rep. Tom Emmer urging Congress to absorption its efforts connected bringing much crypto enactment and opportunities to the U.S. successful bid to bolster nationalist security? Let america cognize successful the comments conception below.