United States Congressman Tom Emmer emphasized that cryptocurrency transcends partisan divides, framing it as a matter of individual empowerment versus support for centralized governance. At the 2024 Consensus event, Emmer noted a growing bipartisan consensus in favor of crypto, with both major political parties increasingly embracing the technology.

Emmer highlighted Senate Majority Leader Chuck Schumer's backing, alongside 70 other Democrats, for a resolution aimed at overturning the Securities and Exchange Commission's contentious SAB 121 crypto rule. This, he suggested, signaled a diminishing influence for crypto opponents like Sen. Elizabeth Warren, SEC Chair Gary Gensler, and the White House. Emmer criticized Warren's purported sway over White House decisions.

Discussing legislative prospects, Emmer expressed hope that the crypto-friendly Financial Innovation and Technology for the 21st Century Act (FIT21) could be introduced in the Senate by Schumer, following its passage in the House on May 22. However, he cautioned about potential Senate amendments, suggesting the bill might fare better during the lame duck session after upcoming elections.

Emmer speculated on Gensler's future at the SEC, cautioning against trusting someone in a "cornered" position. He envisioned a transformative impact on the digital assets space with the emergence of a robust, globally tradable stablecoin.

Regarding Federal Reserve Chair Jerome Powell, Emmer suggested a disconnect between Powell's outlook and the evolving digital asset landscape, hinting at potential changes in leadership akin to Gensler's situation.

Emmer criticized the Federal Reserve's stance on central bank digital currencies (CBDCs), characterizing it as "confused" despite President Joe Biden's executive order and Powell's assurances of Congressional authorization. He referenced recent House passage of the CBDC Anti-Surveillance State Act as evidence of the issue's political significance, cautioning against CBDCs resembling Chinese Communist Party-style surveillance tools while leaving room for digital cash that preserves privacy and usability.