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Congressman Tom Emmer

Representing the 6th District of Minnesota

Industry Groups Voice Support for Emmer's Digital Currency and Blockchain Legislation

October 3, 2018
Press Release
In his first move as Co-Chair of the Congressional Blockchain Caucus, Emmer introduced groundbreaking legislation to support emerging technologies

WASHINGTON, DC - Blockchain industry groups are voicing their support for Congressman Tom Emmer's (MN-06) trio of bills to support these new and promising technologies. Specifically, the legislation expresses support for the industry and development of blockchain and digital asset technologies in the United States; provides regulatory clarity to entities that never take control of consumer funds; and establishes a safe harbor for taxpayers with “forked” digital assets.

Emmer was also recently selected as a Co-Chair of the Congressional Blockchain Caucus.

WHAT THEY'RE SAYING:

“As the impact of blockchain continues to expand across many industries, public-private collaboration on how to harness the benefits of this technology is more important than ever. The U.S. Chamber looks forward to partnering with lawmakers to help educate and convene stakeholders on the growing uses of blockchain. Legislative solutions like the recent bills introduced by Congressman Emmer are critical to this effort. We are pleased to work with co-chairs Emmer and Foster, and the entire Blockchain Caucus on the important work ahead.” - Tim Day, Senior Vice President, Chamber Technology Engagement Center (CTEC), and Tom Quaadman, Executive Vice President, Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce.

“The Blockchain Association was launched to work with policymakers to push for an informed and responsive regulatory environment. We applaud Rep. Emmer for his leadership. He understands that the token economy needs light-touch regulation and regulatory clarity in order to promote innovation and protect consumers.” - Kristin Smith, Director of External Affairs, Blockchain Association 

 “Blockchain has the potential to profoundly impact digital transactions. Congressman Emmer is a leader in understanding and anticipating the potential for this transformative technology, most recently through his support for blockchain broadly and his efforts to clarify some of the salient issues facing the blockchain industry. We look forward to continuing our work with him and to the visionary approach he brings in support of the growth of the blockchain ecosystem.” - Amy Davine Kim, Chief Policy Officer, Chamber of Digital Commerce 

“We are excited for the leadership and perspective that Rep. Emmer will bring to the already dynamic Congressional Blockchain Caucus. The bills he introduced will ensure that American developers and entrepreneurs continue to lead the way as public blockchain networks fulfill the still-outstanding promises of the internet revolution.” - Jerry Brito, Executive Director, Coin Center 

 “Representative Emmer's pioneering work represents a recognition of the growth and potential of digital currencies and blockchain technology. It is encouraging to see such significant efforts on a national level that will ensure the U.S. creates an environment for driving innovation. We are in a new era of technological growth and significant policies like these will play an imperative part in the success of blockchain. GBBC remains committed to helping all leaders understand blockchain’s complexities and potential as it develops.” - Sandra Ro, CEO, Global Blockchain Business Council. 

“ConsenSys deeply appreciates the work of Congressman Emmer and his colleagues to bring clarity through sensible regulation and policy that promotes the responsible adoption and growth of blockchain technology and virtual assets. These efforts are vital initial steps in making sure organizations like ConsenSys, and the technology we build upon, can succeed in our mission of creating benefit for consumers here in the United States of America. Our technology presents a new paradigm that does not always fit neatly into existing regulation. Smart policy and regulation, such as these efforts put forth by Congressman Emmer, are a key component to progress.” - Joseph Lubin, Founder, ConsenSys

“Countries abroad are aggressively adopting digital assets and blockchain technologies to enable the next generation of finance. The leadership in these bills and the work of the Congressional Blockchain Caucus are important steps forward to ensuring the U.S. remains a global leader in these critical technologies.” - Brad Garlinghouse, CEO, Ripple 

CLICK HERE to learn more about Emmer's legislation.

CLICK HERE to learn more about the Congressional Blockchain Caucus.

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