Black_background_logo_BitcoinWorld-removebg-preview
Tom Emmer (Courtesy: Bringthenews.com)
Latest News

Tom Emmer, US Congressman, To Accept Crypto Donations

Tom Emmer (Courtesy: Bringthenews.com)
Tom Emmer (Courtesy: Bringthenews.com)

As the United States elections are around the corner, developments are gradually building on around it. In a recent development, the United States congressman Tom Emmer has decided to accept donations in cryptocurrencies to fund his re-election.

The announcement from Emmer follows after the growing concern related to the US dollar. The congressman has time and again been brutally critical of the Federal Reserve’s stimulus policies.

Emmer has also co-chaired the Congressional Blockchain Caucus and has supported the use of Blockchain.

Talking about Broadband, Blockchain and Emerging Technology; Emmer had wrote: “As Co-Chair of the Congressional Blockchain Caucus, I constantly advocate for increased education and introduce legislation in Congress regarding new technological innovations and our need for light-touch regulations so that development and investment flourish in the United States.”

“Science, Technology, Engineering, and Mathematical (STEM) skills are becoming increasingly important, which is why my office participates in the Congressional App Challenge every year. This challenge is designed to encourage students to compete against their classmates and students across the state in creating their own mobile device applications, known as apps. Students who train in these fields will be better equipped to advance their careers in a fast-paced and rapidly changing future,” he added.

Furthermore, Emmer is not the first congressperson to accept crypto donations, earlier there was Senator Rand Paul (R-KY), Representative Eric Swalwell (D-CA) and Andrew Yang, who, had accepted cryptocurrency for their respective presidential run.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.