Crypto 'can't be partisan,' says US lawmaker who scored negative on Bipartisanship Index: report

"It's literally about looking at America and the opportunities for Americans," according to Minnesota Rep. Tom Emmer.< /p> New

Member of the United States House of Representatives Tom Emmer reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political victory for Democrats or Republicans.< /p>

According to an interview published Tuesday by Axios reporter Brady Dale, Emmer said that many of his colleagues in Congress see cryptocurrencies as a risk that deserves warnings, rather than an investment opportunity for investors. United States. The US lawmaker added that encouraging figures like FTX CEO Sam Bankman-Fried to stay in the country will open more doors for residents rather than driving them away with regulatory uncertainty.

Emmer, who has often pushed back against the "regulation by enforcement" approach of some government agencies, including the Securities and Exchange Commission, has reportedly challenged the partisan divide between crypto-related legislation and policy . A Republican, Emmer, reportedly disputed claims by Democratic Senator Elizabeth Warren, who has been one of the most vocal critics of crypto in Congress, proposing legislation that would shut down crypto services provided by banks, calling finance decentralization of "the most dangerous part of the crypto world" and equating crypto investments with scams with no consumer protections.

"I think [crypto] can't be partisan," Emmer said. "It's literally about looking at America and the opportunities for Americans [...] If you try to take all the risk out of this stuff, well, you're going to take a lot of the opportunity away [...] That can either happen here in this country or it will happen somewhere else.”

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