The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

US Congressman Tom Emmer Says ‘Control Freak’ Senators and ‘Bad-Faith’ Regulators Want To Control Crypto

by Conor Devitt
April 8, 2023
in Bitcoin, Regulators, Ripple and XRP

US Congressman Tom Emmer (R-Minnesota) thinks crypto-critical lawmakers and regulators just want to maintain their control over the country’s financial system.

Emmer, the House Majority Whip and a crypto supporter, says in a new interview with Laura Shin that crypto shouldn’t be a partisan issue.

He calls crypto-skeptical Senator Elizabeth Warren (D-Massachusetts) a “control-freak senator.”

“Elizabeth Warren, she may not love central banks, but she does love the design. I believe that she ultimately wants banks to be a utility, a government utility, and not privately owned. But that part aside, she desperately wants to hold on to the centralization and control that comes with central banking. And while I’m not opposed to central banking – I think it does serve an important function and we’re always going to have the traditional, in my mind, a two-tier banking system that we’ve become accustomed to – it’s going to have to evolve into the 21st Century.

And when you talk about digital assets and crypto, they can’t stop it. If China can’t stop it when they outlawed all mining, which they haven’t been able to completely accomplish, what do you think the country that still practices freedom is going to do?”

Warren has taken aim at the crypto industry in recent years, arguing that it enables money laundering. In 2022, she urged the Treasury Department to do anything it can to “rein in crypto.” Last month, she sent an open letter addressed to Binance CEO Changpeng Zhao and Binance.US CEO Brian Shroder, accusing the exchange of evading the enforcement of anti-money laundering laws, securities laws and information reporting requirements.

In his recent interview, Emmer also criticizes Securities and Exchange Commission (SEC) chair Gary Gensler, who he calls a “Warren disciple.”

“This guy, in my mind, is a bad-faith regulator. He’s been blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors. And people ask, ‘What are we doing?’ We’re going to continue to raise the siren of hypocrisy to show how hypocritical their behavior is.”

The SEC launched a lawsuit against Ripple in December 2020, alleging the San Francisco payments company sold XRP as an unregistered security for years. The high-profile court case remains ongoing.

Last month, the regulator also sent a Wells Notice to top US crypto exchange Coinbase, noting it had made a “preliminary determination” to recommend filing an enforcement action against the company for allegedly violating securities laws.

Additionally, Gensler has recently argued that all crypto assets besides Bitcoin (BTC) are securities.

I

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Yurchanka Siarhei

Submit a Press Release

Industry Announcements

  • Huobi Set To Launch Trading Service in Hong Kong
    May 26, 2023
  • Stably Launches #USD As the First BRC20 Stablecoin on the Bitcoin Network
    May 25, 2023
  • The Open Network (TON) Unveils DeFi and Data Analytics Hackathon in Collaboration With DWF Labs and Amazon Web Services
    May 25, 2023
  • Ankr Partners With Mirage To Revolutionize the Web 3.0 Gaming Landscape
    May 25, 2023
  • Tulipart.com Launches a Collection of Tulip NFTs Minted Daily Over Seven Years
    May 24, 2023
  • Binance Futures Grand Tournament Returns
    May 24, 2023
  • TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity
    May 23, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,118.27
$27,118.27
1.48%
Ethereum
$1,850.46
$1,850.46
1.07%
Cardano
$0.37315
$0.37315
2.41%
XRP
$0.473584
$0.473584
1.18%
Dogecoin
$0.073035
$0.073035
2.39%

Spotlight

  • Bitcoin To Explode by Over 75% Once It Overcomes Critical Level, Predicts Jason Pizzino – Here’s the Timeline
    May 25, 2023
  • Trader Known for Calling Bottoms Says Bitcoin (BTC) and Ethereum (ETH) Set for Move Lower – Here’s His Target
    May 25, 2023
  • Ethereum (ETH)-Based Altcoin Is One To Watch As Whale Transactions Explode: Santiment
    May 25, 2023
  • Bitcoin Price Has Yet To Catch Up to These ‘Crazy Strong’ Fundamentals, Says InvestAnswers
    May 25, 2023
Coinfest Asia Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl