October 22, 2023

Tom Emmer, a Leading Advocate for Bitcoin and Cryptocurrency, Declares Candidacy for Speaker of the House of Representatives

Tom Emmer, a prominent proponent of cryptocurrency, has officially entered the race for the position of Speaker of the House of Representatives.

Minnesota Representative Tom Emmer has made a surprising announcement by throwing his hat into the ring for the role of Speaker of the United States House of Representatives. This announcement follows the recent and unprecedented impeachment of Representative Kevin McCarthy earlier this month.

Emmer disclosed his candidacy on a Saturday morning via X, expressing his mission to "bring our council together and get back to business". He voiced his optimism about the accomplishments of the Republican majority in the House of Representatives over the past ten months, underscoring the critical need for unity and cooperative effort.

Notably, Emmer had previously stated that he wouldn't seek the Speakership but rather had an interest in the position of House Majority Leader. Currently, he holds the third position in the House of Representatives leadership as the Majority Speaker.

Tom Emmer has gained recognition for his pro-cryptocurrency stance, frequently voicing support for Bitcoin and the broader crypto community.

In his prior statements, he emphasized the thriving nature of the cryptocurrency space, irrespective of government involvement, and urged Congress to establish "common-sense and innovation-oriented regulations" to ensure that the United States remains a hub for cryptocurrency innovation, enabling safe adoption by Americans.

Emmer also made a clear distinction between cryptocurrencies and Central Bank Digital Currencies (CBDCs), which he referred to as "government surveillance tools". He contended that "crypto provides freedom, it does not destroy it," dismissing the notion that the United States lags behind China in the crypto realm.

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