Crypto advocate Tom Emmer named vice chair of crypto and AI subcommittee

Summary

Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. He emphasized the opportunity to shape the future of digital assets with American values under President Trump. The subcommittee, established in 2023, will oversee crypto assets and AI in financial services. Committee Chairman French Hill highlighted the goal of creating a regulatory framework that fosters innovation while protecting consumers and ensuring accountability among agencies. Congressman Bryan Steil leads the Financial Services Subcommittee and advocates for a crypto regulatory framework. As President-elect Trump’s inauguration approaches, expectations rise for potential executive orders on digital assets. Emmer also expressed a commitment to addressing spending, inflation, and global stability, reflecting public concerns about economic issues.