Tom Emmer tweeted the following:
"Instead, the PWG wants Congress to pass stablecoin legislation that doesnt have consensus in Congress, not even amongst Committee Democrats, and is threatening to utilize the "independent" FSOC as a vehicle to circumvent Congress and the American people on digital asset policy."Read on Twitter
Here are other recent tweets from Tom Emmer:
"Today, Secretary Yellen confirmed that the FSOC is not supposed to take direction from the White House, as that would compromise the independence of the council. This doesnt seem to be the case when it comes to digital assets and stablecoins"Read on Twitter
"If Congress doesnt pass the legislation the Admin wants us to pass? Doesnt matter. The stablecoin report & the crypto EO both direct FSOC to find risks with digital assets and stablecoins - once they label it as systemically risky, regulators can move forward with their agenda."Read on Twitter"Read on Twitter
"This recent history demonstrates to me that the FSOC is no longer independent of partisan pressures and should be brought under Congressional appropriations so elected officials can make sure the voices of the voters are represented in the decisions of the FSOC."Read on Twitter"Read on Twitter
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