House Majority Whip Tom Emmer has strongly criticized the Treasury Department’s recent recommendations for increased control over the cryptocurrency industry. Speaking at the Blockchain Association Policy Summit, Emmer expressed concerns about the agency’s intentions, cautioning against relying on a supposed savior figure. Emmer has also voiced opposition to central bank digital currencies (CBDCs), describing them as surveillance tools. In contrast, Senator Cynthia Lummis has taken a more measured approach, expressing a willingness to engage with the Treasury’s recommendations on mixers and tumblers. The battle between crypto advocates and regulators continues to shape the future of the industry.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Tom Emmer, Cynthia Lummis
Companies	Blockchain Association, House Financial Services Committee, Senate Banking Committee, Treasury Department, Kraken
Currencies	None
Securities	None