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

38:08
 
Share
 

Manage episode 293585731 series 1822984
By Laura Shin. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

Miscellaneous

307 episodes