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Tom Emmer: “Let's change the rules, by the way, the de minimis rules for…”

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 23:04

The strategic bitcoin reserve. I just like starting with stop auctioning it off. Mm. Let's just stop that. And let's say, then 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. Right. I guess there's been talk about capital gains taxes and how I'm a huge. Safe harbor and tax guy where you can do things. Or sandbox guy. (23:04–23:17)

CLAIM

Advocates for changing de minimis rules to facilitate bitcoin use in transactions.

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

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“Those Ron Paul audit, the Fed, you know, we got it, they became the bitcoin crowd.”
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“The central government is called the central government for a reason and they try to protect their centrality.”
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“When Donald Trump came into the office the first time, I thought we were going to make some serious progress.”
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“Biden comes in and I'll be open about it. I thought it might get better for us.”
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“I didn't realize how much Elizabeth Warren actually controls, or I should say the senator from Massachusetts who shall not be named.”
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“Gary's going to leave on January 20 next year. I think that's something we can all celebrate.”
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“I would start by putting into law the prohibition against our government creating a central bank digital currency.”
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“The stablecoin legislation, as I was telling you, is what I think is the biggest one.”
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“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.”
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“We have a president elect who knows exactly why he was elected and what he is supposed to be doing.”
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“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.”
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“Let's just start by stop auctioning this [bitcoin] off.”
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