BREAKING: The House Republican Conference has elected Rep. Tom Emmer (CFG Foundation Lifetime Score: 79%) as the Speaker-designate

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Rep. Emmer, who currently serves as the Majority WHIP, sits on the House Financial Services Committee and is a strong supporter of blockchain and digital assets.

Here’s what you need to know:

* Rep. Emmer is spearheading an amendment to the Financial Services and General Government Appropriations Bill to prohibit the SEC from using federal funding for enforcement actions against digital asset transactions without clear legal authority and to prevent the SEC from regulating digital assets as securities without clear legal authority.

* Rep. Emmer has also introduced legislation that would prevent adoption of a Central Bank Digital Currency (CBDC), which would threaten the financial freedom of Americans, inhibit economic growth and increase volatility in financial markets. Should he be elected Speaker, Rep. Emmer will be a true friend to blockchain, digital assets and the enormous potential they represent.

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