Vault12 to participate in Congressional Meeting on Thursday, March 4, to brief Rep. Tom Emmer (R-MN)
Chamber of Digital Commerce
May 05 2021
Congressman Emmer is a strong supporter of the Crypto industry and serves as a Co-chair of the Congressional Blockchain Caucus. In the previous Congress, he also served as Ranking Member of the House Financial Services FinTech Task Force.
- He has introduced several bills to increase regulatory clarity for the blockchain industry in the United States, including the Securities Clarity Act, which distinguishes between securities and investment contract assets; Blockchain Regulatory Certainty Act, exempting developers and service providers who do not control customer funds from money transmitting licensing requirements; and the Safe Harbor for Forked Assets Act to establish a safe harbor from IRS penalties for taxpayers who have received forked assets.
- Congressman Emmer has also written letters to the SEC, IRS, Treasury, and the Trump Administration's Cabinet to promote regulatory clarity for and the adoption and use of digital assets.