A new era for digital currencies
Emmer stresses that a favorable climate for the cryptocurrency industry has emerged since Donald Trump took office. He highlights that the administration is striving to create uniform rules for regulating cryptocurrencies, working closely with regulators, including the White House and the SEC. Trump had promised to clarify cryptocurrency regulations and reduce excessive regulations that hinder the development of the industry.
Another key point in Emmer's argument is the desire of many voters in the US for digital innovation. He notes that this fact may have contributed to the Republicans' electoral success. The 40-year-old generation in particular has developed a desire for the opportunities offered by digital assets through their online activities.
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Legislative initiatives in sight
In addition, Emmer expects legislation on stablecoins and central bank digital currencies to gain momentum in the US. Stressing that the stablecoin bill could move forward under French Hill's chairmanship, he expresses the opinion that the Office of the Comptroller of the Currency (OCC) should take over the regulation of stablecoins instead of burdening the Federal Reserve. Emmer also sees the ban on CBDCs (Central Bank Digital Currencies) as a priority for Congress.