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Tom Emmer: “Biden comes in and I'll be open about it. I thought it might…”

Featuring: Tom Emmer, Republican | Majority Whip, U.S. House, Minnesota's 6th District

Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities

Published January 6, 2025 | Video Starts at 05:52

I mean, Brian Brooks was there, we had Hester Purse, we had some allies that were ready to start moving this stuff. And then we ran into a real problem with the administration. They weren't interested in it. Biden comes in and I'll be open about it. I thought it might get better for us. I thought, okay, well these guys, they're going to be more progressive. They're going to want to look at this type of thing. (05:52–05:59)

CLAIM

Asserts that there was an expectation of improvement for cryptocurrency under Biden.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Tom Emmer

“There's more energy consumed to create dollar bills, and nobody talks about that.”
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“Finance is what, in my opinion is what defines freedom.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 03:01-03:07
“The Keynesians have now morphed into something called the modern monetary theorists.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 03:47-03:54
“The idea that just because you control your own central currency and there's a formula that you can print and spend as much as you want…”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 04:00-04:10
“Those Ron Paul audit, the Fed, you know, we got it, they became the bitcoin crowd.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 04:25-04:32
“The central government is called the central government for a reason and they try to protect their centrality.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 04:46-04:56
“When Donald Trump came into the office the first time, I thought we were going to make some serious progress.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 05:34-05:40
“I didn't realize how much Elizabeth Warren actually controls, or I should say the senator from Massachusetts who shall not be named.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 06:03-06:12
“Gary's going to leave on January 20 next year. I think that's something we can all celebrate.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 06:18-06:24
“I would start by putting into law the prohibition against our government creating a central bank digital currency.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 15:55-16:04
“The stablecoin legislation, as I was telling you, is what I think is the biggest one.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 17:27-17:32
“We got to make sure that we can have foreign issued stablecoins as long as the issuer will subject themselves to the requirements and…”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 17:32-17:47
“We wouldn't have had an FTX if we actually had a structure that people could look at and say, well we got to do business in the US.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 20:21-20:30
“We have a president elect who knows exactly why he was elected and what he is supposed to be doing.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 21:13-21:21
“We got agencies, I swear. What's the one we were talking about yesterday? I think they're still on the 1970s Mississippi DOS program.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 21:26-21:35
“Let's change the rules, by the way, the de minimis rules for human beings, so they can start to use their bitcoin in normal transactions.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 23:04-23:17
“Let's just start by stop auctioning this [bitcoin] off.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 24:00-24:00
“I think the miners, I think everybody who's involved in this, you're the solution, you're not the problem.”
Fireside Chat with Majority Whip Tom Emmer on Cryptocurrency and Legislative Priorities | Uploaded January 6, 2025 | 25:13-25:20
“I really don't think that [the new energy secretary is] going to issue an edict that you got to start reporting all this stuff which by the…”
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