Tom Emmer

@GOPMajorityWhip ↗

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Last Checked June 28, 2022

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Thu May 12 20:02:06 +0000 2022

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Tom Emmer @GOPMajorityWhip

Instead, the PWG wants Congress to pass stablecoin legislation that doesn’t have consensus in Congress, not even amongst Committee Democrats, and is threatening to utilize the "independent" FSOC as a vehicle to circumvent Congress and the American people on digital asset policy. — PolitiTweet.org

Posted May 12, 2022

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Tom Emmer @GOPMajorityWhip

Today, Secretary Yellen confirmed that the FSOC is not supposed to take direction from the White House, as that would compromise the independence of the council. This doesn’t seem to be the case when it comes to digital assets and stablecoins… — PolitiTweet.org

Posted May 12, 2022

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Tom Emmer @GOPMajorityWhip

If Congress doesn’t pass the legislation the Admin wants us to pass? Doesn’t matter. The stablecoin report & the crypto EO both direct FSOC to find risks with digital assets and stablecoins - once they label it as systemically risky, regulators can move forward with their agenda. — PolitiTweet.org

Posted May 12, 2022