Congressman Tom Emmer’s Virtual Crypto Town Hall Set to Boost Digital Asset Innovation
Congressman Tom Emmer, the Minnesota Sixth District Rep, is set to lead the first virtual crypto town hall on August 20. According to the announcement posted on his campaign website, this initiative recognizes innovators in the digital asset space as well as encourage political stakeholders to take part in the industry.
The press release by Team Emmer further details that the event will be a significant boost to the U.S as a leading economy in tech advancement now that blockchain and crypto are on the rise:
“The United States has always been a world leader in technology and innovation. The development of cryptocurrencies and blockchain technology is the next evolution of innovation that will permeate every aspect of our society. [T]his event is designed to keep cryptocurrency, blockchain technology, and all of the innovations in this space at the forefront of the discussion as we head into the election this November.”
Support from Key Stakeholders
The Republican Congressman is quite active in matters of financial markets and currently sits as the co-chair of the Congressional Blockchain Caucus. Emmer is also a member of the House Financial Services Committee, the chairman of the National Republican Congressional Committee. Given this track record, the Minnesota Rep, who is looking to be re-elected, might push further for the localization of crypto ecosystems in the U.S.
Emmer has since received support from prominent industry stakeholders, including the Chamber of Digital Commerce (CDC) PAC, which is partner towards making the crypto town hall a success. Blockchain leaders who will be present are Ripple CEO, Brad Garlinghouse, Circle CEO, Jeremy Allaire, and BitPay CEO, amongst others. CDC president, Perianne Boring, highlighted that the event would be a significant milestone towards the adoption of blockchain tech; especially with the upcoming U.S elections:
“This Town Hall event will be the first time our industry and voters across the country can come together to show the growing level of support and enthusiasm for cryptocurrencies and blockchain technology solutions.”
The U.S Finally Catching Up on Crypto Integration
The move by Congressman Emmer could be a sign of times ahead in crypto integration, especially in the U.S. Just recently, the Office of the Comptroller of the Currency (OCC) allowed banks to act as crypto custodians hence opening up the space for big financial institutions. This take was welcomed by most of the industry players who have since submitted their views on how the OCC can further support the course of crypto integration.