The rise and rise of cryptocurrency in the 21st-century fintech landscape urged stakeholders to brainstorm ways to achieve better operations at the first-ever virtual crypto town hall held on August 20. Tom Emmer, a US congressman from Minnesota and chairman of the National Republican Congressional Committee (NRCC) chaired the first cryptocurrency town hall to strengthen the wide network of innovators who are currently shaping the global digital asset ecosystem.
The virtual town hall was organized in association with the Chamber of Digital Commerce (CDC) PAC and was open for all to watch.
High on digital assets
Emmer has always been a proponent of cryptocurrencies and is also a member of the House Financial Services Committee, a ranking member of the Financial Technology Task Force and co-chairperson of the Congressional Blockchain Caucus. According to an announcement made on Emmer’s campaign website, the town hall was organised with a view to encouraging ‘politically engaged voters’ to take part in the growing digital asset evolution, especially with the elections coming closer.
Snippets from the first crypto town hall
At the town hall, Emmer remarked that XRP is not a security, and also called on the US Congress and especially the Securities and Exchange Commission (SEC) to finally clarify regulatory measures. Moving on, Ripple CEO Brad Garlinghouse, one of the eminent crypto personalities who attended the town hall, neither denied nor confirmed speculations about a partnership with the Bank of America. He also expressed concerns on how the uncertainty around how XRP and other assets are going to be defined by the SEC poses a challenge for Ripple.
Congress goes crypto
Congressman Emmer was joined by figureheads from across the digital asset and blockchain industry who are making a mark in the 21st-century cryptocurrency growth journey. He also urged politically sensitised voters to participate in the growing digital asset transformation this campaign season. CDC founder and President Perianne Boring also announced that contributors could make donations to Emmer’s campaign using any of the eight cryptocurrencies supported by BitPay, including Bitcoin, Bitcoin Cash, Gemini’s US dollar stablecoin and Circle’s USDC.
Cryptocurrency is the future
Tom Emmer puts it, cryptocurrency has the ability to decentralize control and empower everyone today, and his future goal would be to push the boundaries through making policymakers and Americans aware about the true potential of these incredible innovations. A well-known advocate of the digital asset revolution, he had also remarked earlier that Bitcoin will emerge even stronger post the pandemic.
