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House Majority Whip Tom Emmer told Breitbart News in an exclusive interview that pro-crypto lawmakers are beating the “dinosaurs” in Congress and “kleptomaniac bureaucrats” like SEC Chairman Gary Gensler in the war over the future of financial technology.consumers by increasing transparency, and better clarify the regulatory overlap between the Securities and Exchange Commission and the Commodity Futures Trading Commission on cryptocurrencies.the H.R.
Emmer explained that Democrats and Republicans alike are becoming more accustomed to embracing the benefits that come with the digital currency space. He argued that the opposition to cryptocurrencies largely comes from the oldest members of Congress. He explained, “I look at the people who are arguing against this. They are all old; they are all 50 years old or older. This applies to 18 to 40 year old’s. It’s that age group, those voters, those constituents — this is their world, right? And these dinosaurs in Congress are literally standing in the way of this innovation. And literally, it’s the dinosaurs.
Emmer also said that these “dinosaurs” want a central bank digital currency because it would be used as a “surveillance tool.”Emmer said that lawmakers like Sherman and Waters are “carrying the water” for Gensler. The Minnesota congressman said that the FIT for the 21st Century Act is “going to drive the next iteration of the internet, which is — it’s exciting. This is … the future — the future has arrived.”WATCH: Crowd Gathers for Trump's Historic Rally in the BronxWATCH: Crowd Gathers for Donald Trump’s Historic Rally in the BronxNolte: Desperate Washington Post Turns to AI After Brutal $77 Million LossU.S.
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