Tom Emmer: “These last 2 weeks have been historic for financial innovation in Congress. Adoption of SAB 121, the resolution by both…”

“These last 2 weeks have been historic for financial innovation in Congress. Adoption of SAB 121, the resolution by both Chambers, and bipartisan passage of the Financial Innovation and Technology for the 21st Century Act just yesterday, shows that digital asset policy is no longer a back-burner issue in Congress. It is now front and center, and we are just getting started. The policies we have recently debated and adopted are in response to an administration that has failed to provide the clarity and guidance the budding digital asset industry in the United States has been begging for. Because of their failures, Congress has voted to reverse incoherent regulation and establish new standards that will allow our economy to move deeper into the 21st century economy. Today, we continue these efforts to once again do what this administration has failed to do, and I am proud to have my legislation, the CBDC Anti-Surveillance State Act, on the floor for a vote. This bill was the first anti-central bank digital currency legislative effort introduced in the United States, and for the past two Congresses, I have worked with my colleagues to update, improve, and grow support for it. The bill is simple. It halts the efforts of this administrative state under President Biden from issuing a financial surveillance tool that, if not done correctly, will fundamentally alter the lives of every American.…”