US lawmaker reintroduces bill amid pushback on Trump's crypto ties
Minnesota Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act, which clarifies that digital asset developers and service providers not holding consumer funds are not classified as money transmitters. Democratic Representative Ritchie Torres will co-lead the bill, marking a bipartisan initiative. Torres emphasized the bill's thoughtful approach to digital asset policy, aiming to protect innovation while ensuring oversight. Advocacy groups, including the Crypto Council for Innovation and Coin Center, expressed support for the legislation. However, it remains uncertain if Emmer and Torres have enough votes in the House for passage. Some Democratic members, like Maxine Waters, plan to block crypto-related legislation until Republicans address President Trump's connections to the industry, including his family's stake in World Liberty Financial and his TRUMP memecoin.
