Tom Emmer
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Tom Emmer's Record on Bitcoin, Cryptocurrencies, and Blockchain
- 8/29/2021, 6:56:27 PM
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I, along with bipartisan Blockchain Caucus co-chairs @RepDarrenSoto, @RepDavid, and @RepBillFoster sent a letter to every single Representative in the House raising concerns about the Senate infrastructure bill being paid for by our crypto industry.
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Reference LinkSubmitted By: Anonymous - 8/29/2021, 6:09:35 PM
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More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency to tell investors, in plain English, how it plans to regulate cryptocurrency. “It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those that are not, through better articulation of SEC policy, and, ultimately, through formal guidance or legislation,” the letter said. The letter was an effort from both sides of the aisle, and was lead by Rep. Ted Budd, R-N.C., Reps. Emmer and Davidson, as well Darren Soto, D-Fla. In addition, David Schweikert, R-Ariz., Jeff Duncan, R- S.C., Alex Mooney, R- W.V., John Curtis, R-Utah, Ralph Norman, R- S.C., Andy Biggs, R-Ariz., Mark Meadows, R-N.C., Derek Kilmer, D-Wash., Greg Gianforte, R-Mont., and Sean Duffy, R-WI, were among the signatories.
Reference LinkSubmitted By: Anonymous - 8/29/2021, 4:16:10 PM
Positive. +1
Emmer Leads Bipartisan Blockchain Caucus Letter to the IRS Ahead of Tax Day Urging Virtual Currency Guidance: "Guidance is long overdue and essential to proper reporting of these emerging assets. The bipartisan support this letter has received should send a clear message to the IRS that clear guidelines for reporting virtual currency are necessary." Said Emmer, "My colleagues and I are optimistic that the IRS will issue the guidance needed for taxpayers struggling with these reporting requirements." Signers include Bill Foster (D-IL), David Schweikert (R-AZ), Darren Soto (D-FL), Patrick McHenry (R-NC), Jim McGovern (D-MA), French Hill (R-AR), Terri Sewell (D-AL), Warren Davidson (R-OH), Stephen Lynch (D-MA), Ted Budd (R-NC), Eric Swalwell (D-CA), Trey Hollingsworth (R-IN), Ed Perlmutter (D-CO), Greg Gianforte (R-MT), Josh Gottheimer (D-NJ), Mark Meadows (R-NC), Lance Gooden (R-TX), Matt Gaetz (R-FL), Ted S. Yoho, D.V.M. (R-FL), and Bryan Steil (R-WI).
Reference LinkSubmitted By: Anonymous - 8/19/2021, 9:34:22 PM
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U.S. Rep. Tom Emmer (R-Minn) and a bipartisan group from the House Blockchain Caucus want IRS Commissioner Charles Rettig to change the federal agency’s guidance on how it considers charitable, cryptocurrency donations of more than $5,000, according to a letter sent Thursday. The Internal Revenue Service currently requires taxpayers to have an IRS appraiser determine the value of their cryptocurrency donations. That differs from the IRS’ guidance on cryptocurrency purchases and sales, which allows taxpayers to calculate their obligations based on free market value. The Blockchain Caucus’ chairs, Emmer, Darren Soto (D-Fla.), David Schweikert (R-Ariz.) and Bill Foster (D-Ill.), and Caucus members Ted Budd (R-N.C.), Ro Khanna (D-Calif.) and Josh Gottheimer (D-N.J.) signed the letter, which asked Rettig to amend the tax code’s Form 8283, the Noncash Charitable Contributions Form, to allow fair market evaluation for crypto donations.
Reference LinkSubmitted By: Anonymous - 8/19/2021, 9:25:54 PM
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A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24 2019. A group of seven congressmen, including Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer, and David Schweikert, has submitted a request to hold a forum on blockchain technology. In the request, the congressmen note the difficulty of applying purportedly out-dated legislation to emerging technologies, stating that a lack of regulatory clarity could negatively impact the development of new tech like blockchain. The lawmakers further argued that the technology could change a variety of industries in the US economy: “Blockchain technology is an example of digital innovation that has the potential to transform a myriad of industries through its ability to improve the transparency, efficiency, and security of transactions and information in the financial services, health care, insurance, trade finance, and supply chain management sectors, among others.”
Reference LinkSubmitted By: Anonymous - 8/19/2021, 7:55:50 PM
Positive. +1
"I’m troubled by rumors that @StevenMnuchin1 plans to enact burdensome regulations on digital self-hosted wallets. My colleagues @RepTomEmmer, @RepTedBudd, and @RepScottPerry have sent a letter to @USTreasury urging him to rethink these regs & consult with Congress on #FinTech."
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Reference LinkSubmitted By: Anonymous - 8/17/2021, 9:03:27 PM
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Rep. Emmer is a chair of the Congressional Blockchain Caucus.
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