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Fortune
Fortune
Leo Schwartz

Pro-crypto Majority Whip Tom Emmer denounces CBDCs as a ‘surveillance tool’ and calls for stablecoin oversight

Tom Emmer (Credit: Drew Angerer—Getty Images)

House Majority Whip Tom Emmer (R-Minn.) continued his pro-crypto crusade on Thursday, denouncing recent efforts by the executive branch to wrangle the wildcat industry.

Speaking at a policy summit in Washington, D.C., hosted by the Blockchain Association, one of the sector’s leading trade groups, Emmer reiterated his opposition to central bank digital currencies, or CBDCs, just one day after Treasury Deputy Secretary Wally Adeyemo appeared at the conference to call for more oversight tools.

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