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: <ul> <li style="font-weight: 400;" aria-level="1">what book made Tom fall down the crypto rabbit hole </li> <li style="font-weight: 400;" aria-level="1">why Tom believes the Financial Accounting Standards Board needs to set clear accounting standards for cryptocurrencies</li> <li style="font-weight: 400;" aria-level="1">why the current way of accounting for Bitcoin on balance sheets may be a detriment to companies in the future</li> <li style="font-weight: 400;" aria-level="1">how he feels about the acting head of the OCC putting together a “sprint team” of federal regulators to establish overarching crypto standards</li> <li style="font-weight: 400;" aria-level="1">why he is fighting to change tax rules for forked coins</li> <li style="font-weight: 400;" aria-level="1">what problems the Eliminate Barriers to Innovation Act might solve</li> <li style="font-weight: 400;" aria-level="1">why he is so passionate about the Securities Clarity Act, which would explicitly separate digital tokens from securities</li> <li style="font-weight: 400;" aria-level="1">how DeFi should be regulated and why he is not a fan of FATF’s recently proposed guidance</li> <li style="font-weight: 400;" aria-level="1">Tom’s prediction for when these bills may actually become law </li> </ul>   Thank you to our sponsors! <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021"> https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021</a>  Tezos: <a href= "https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero"> https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero</a>   NEAR: <a href= "https://near.org/">https://near.org</a>    Episode Links   Tom Emmer <ul> <li style="font-weight: 400;" aria-level="1">Twitter: <a href= "https://twitter.com/RepTomEmmer">https://twitter.com/RepTomEmmer</a> </li> <li style="font-weight: 400;" aria-level="1">Website: <a href= "https://emmer.house.gov/">https://emmer.house.gov/</a> </li> </ul> Documents Mentioned <ul> <li style="font-weight: 400;" aria-level="1">FASB letter</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://emmer.house.gov/2021/5/emmer-urges-fasb-to-issue-clear-accounting-standards-for-virtual-currencies"> https://emmer.house.gov/2021/5/emmer-urges-fasb-to-issue-clear-accounting-standards-for-virtual-currencies</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Eliminate Barriers to Innovation Act</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.forbes.com/sites/jasonbrett/2021/04/22/us-house-passes-bill-to-create-first-crypto-task-force-on-digital-assets/"> https://www.forbes.com/sites/jasonbrett/2021/04/22/us-house-passes-bill-to-create-first-crypto-task-force-on-digital-assets/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Safe Harbor for Taxpayers with Forked Assets Act</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://emmer.house.gov/2021/5/emmer-introduces-legislation-to-protect-taxpayers-with-digital-assets-pending-further-irs-guidance"> https://emmer.house.gov/2021/5/emmer-introduces-legislation-to-protect-taxpayers-with-digital-assets-pending-further-irs-guidance</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Securities Clarity Act</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://emmer.house.gov/2020/9/emmer-introduces-legislation-to-provide-clarity-for-digital-assets-under-securities-law"> https://emmer.house.gov/2020/9/emmer-introduces-legislation-to-provide-clarity-for-digital-assets-under-securities-law</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Proposed FATF Guidance (quick breakdown)</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.coincenter.org/a-quick-analysis-of-fatfs-2021-draft-cryptocurrency-guidance/"> https://www.coincenter.org/a-quick-analysis-of-fatfs-2021-draft-cryptocurrency-guidance/</a> </li> </ul> </li> </ul>   Miscellaneous <ul> <li style="font-weight: 400;" aria-level="1">Congressional Blockchain Caucus</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://congressionalblockchaincaucus-schweikert.house.gov/members"> https://congressionalblockchaincaucus-schweikert.house.gov/members</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">US Regulatory “sprint”</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://decrypt.co/71975/us-agencies-sprint-align-on-bitcoin-regulations"> https://decrypt.co/71975/us-agencies-sprint-align-on-bitcoin-regulations</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Michael Saylor episode</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/why-bitcoin-now-michael-saylor-on-the-best-way-for-companies-to-buy-bitcoin/"> https://unchainedpodcast.com/why-bitcoin-now-michael-saylor-on-the-best-way-for-companies-to-buy-bitcoin/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Age of Cryptocurrency</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.amazon.com/The-Age-of-Cryptocurrency-audiobook/dp/B00SXAK6Q2/ref=sr_1_3?dchild=1&keywords=the+age+of+cryptocurrency%3A&qid=1622135700&s=books&sr=1-3"> https://www.amazon.com/The-Age-of-Cryptocurrency</a></li> </ul> </li> </ul>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

Unconfirmed: Rep. Tom Emmer, One of the Most Active Crypto Congress Members, on Taxes and DeFi - Ep.241

Laura Shin