Congressman Tom Emmer: Cryptocurrencies are nonpartisan, and opposition is fading

At the Consensus 2024 conference, Rep. Tom Emmer said that cryptocurrencies are not a partisan issue, but a question of whether to support the executive state or the individual. He pointed out that while both parties are moving in the direction of supporting cryptocurrencies, the pace is different.
Emmer mentioned that Senate Majority Leader Chuck Schumer and 70 other Democrats support overturning the SEC's SAB 121 crypto rule, suggesting that opposition to cryptocurrencies from Senator Elizabeth Warren, SEC Chairperson Gary Gensler, and the White House may be waning.
Regarding the Financial Innovation and Technology for the 21st Century Act (FIT21), Emmer believes Schumer is likely to introduce the bill in the Senate, which passed the House on May 22. He said that if the Senate makes changes to the bill and sends it back to the House, it is more likely to pass during the lame-duck session.
Emmer also mentioned that the SEC's recent approval of a spot Ethereum ETF shows a reversal of the agency's stance, and believes that Gensler may be about to step down. For digital assets, Emmer believes that the next ideal step is to launch a globally tradable stablecoin, which will take the digital asset space to a whole new level.