Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tom Emmer dismisses 2 key Clarity Act concerns

    May 22, 2026

    DOGE aide in charge of layoffs could be breaking law by holding BTC, report

    May 22, 2026

    Bitfire stablecoin push grows despite HK$245M loss

    May 22, 2026
    Facebook X (Twitter) Instagram
    Friday, May 22
    • About
    • Contact us
    • Privacy Policy
    Facebook X (Twitter) LinkedIn YouTube
    Blockchain Echo
    Banner
    • Lithosphere News Releases
    • Bitcoin
    • Crypto
    • Ethereum
    • Litecoin
    • Altcoins
    • Blockchain
    Blockchain Echo
    Home » Tom Emmer dismisses 2 key Clarity Act concerns
    Crypto

    Tom Emmer dismisses 2 key Clarity Act concerns

    John SmithBy John SmithMay 22, 2026No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said.

    Summary

    • Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill.
    • He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act.
    • The Senate Banking Committee advanced the Clarity Act 15-9, with bipartisan support beyond Republicans.

    House Majority Whip Tom Emmer said law enforcement groups are overstating their concerns about crypto developer protections embedded in the legislation. He called the objections a “red herring” designed to slow the broader bill’s progress through Congress.

    Emmer forcefully defended the Blockchain Regulatory Certainty Act, which would shield noncustodial software developers from being treated as money transmitters. He argued the U.S. needs clearer rules to keep innovators onshore rather than driving them to other jurisdictions.

    Tom Emmer frames Clarity Act as bipartisan priority

    Emmer pointed to the Senate Banking Committee’s 15-9 vote advancing the bill as evidence that support extends beyond Republicans. He described the Clarity Act as the fifth or sixth iteration of crypto market structure legislation the House has refined over multiple sessions of Congress.

    “The president never asked me to predetermine, commit, fix, decide on any interest rate decision,” Emmer noted that the legislation would create clear distinctions between digital assets regulated as securities, commodities, or cash equivalents. He predicted Congress would ultimately send the package to President Trump’s desk.

    The Blockchain Regulatory Certainty Act provision has drawn particular scrutiny. It codifies that developers who write code but do not control user funds should not face money transmitter obligations, a principle crypto advocates consider essential to keeping open-source development in the United States.

    Emmer also criticized former SEC Chair Gary Gensler’s enforcement-first approach under the Biden administration. He argued that companies want to build in the U.S. but need to understand “the rules of the road” before committing resources.

    What comes next for the Clarity Act

    As crypto.news tracked, the bill still faces several hurdles before reaching a floor vote. Outstanding issues include stablecoin yield provisions, DeFi oversight language, and ethics rules for lawmakers trading tokens.

    Galaxy Digital estimated the bill’s 2026 passage odds at roughly 50-50. Polymarket traders currently price it at approximately 46%, down sharply from 82% earlier in the year. Industry advocates have described mid-summer as the effective deadline before midterm politics make passage significantly harder.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDOGE aide in charge of layoffs could be breaking law by holding BTC, report
    John Smith

    Related Posts

    Bitfire stablecoin push grows despite HK$245M loss

    May 22, 2026

    CADD stablecoin gains Anchorage Digital custody

    May 22, 2026

    German lawmakers block Green plan to end Bitcoin tax break

    May 22, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Next Billion Fellowship Cohort 3 – Call for applications

    March 23, 2026

    Crypto firms cut jobs as bear market and AI shift bite

    March 23, 2026

    Strategy expands BTC holdings despite market pullback

    March 23, 2026
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    About Us

    Stay updated on the world of cryptocurrency
    Your one-stop source for daily crypto news and insights
    Blockchainecho.info: Your trusted daily crypto companion

    Most Popular

    Next Billion Fellowship Cohort 3 – Call for applications

    March 23, 2026

    Crypto firms cut jobs as bear market and AI shift bite

    March 23, 2026

    Strategy expands BTC holdings despite market pullback

    March 23, 2026
    Copyright © 2025
    • Home
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.