House Representative Tom Emmer, of Minnesota, is one of the most active voice for crypto and blockchain in the US government. In this episode, he discusses:

  • what book made Tom fall down the crypto rabbit hole 
  • why Tom believes the Financial Accounting Standards Board needs to set clear accounting standards for cryptocurrencies
  • why the current way of accounting for Bitcoin on balance sheets may be a detriment to companies in the future
  • how he feels about the acting head of the OCC putting together a “sprint team” of federal regulators to establish overarching crypto standards
  • why he is fighting to change tax rules for forked coins
  • what problems the Eliminate Barriers to Innovation Act might solve
  • why he is so passionate about the Securities Clarity Act, which would explicitly separate digital tokens from securities
  • how DeFi should be regulated and why he is not a fan of FATF’s recently proposed guidance
  • Tom’s prediction for when these bills may actually become law 

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero  

NEAR: https://near.org 

Episode Links

Tom Emmer

Documents Mentioned

  • FASB letter
  • Eliminate Barriers to Innovation Act
  • Safe Harbor for Taxpayers with Forked Assets Act
  • Securities Clarity Act
  • Proposed FATF Guidance (quick breakdown)

Miscellaneous

  • Congressional Blockchain Caucus
  • US Regulatory “sprint”
  • Michael Saylor episode
  • Age of Cryptocurrency





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