Emmer’s Crypto Clarity Bill Makes Comeback—Wall Street Already Licking Its Chops

Congressman Tom Emmer just reignited the fight for regulatory certainty in crypto—because nothing says ’healthy market’ like politicians scrambling to define rules five years late.

The revived bill aims to carve out tech-specific guidelines for blockchain projects, sidestepping the SEC’s ’regulation by enforcement’ approach that’s left startups in legal purgatory.

Funny how legislation moves at dial-up speeds until bankers smell arbitrage opportunities. Watch how fast this passes when BlackRock starts tweeting moon memes.

Clarity for Developers, Miners, and Validators

The legislation addresses concerns that unclear regulations are pushing American crypto innovation overseas.

Both congressmen emphasize that the bill protects innovation while maintaining appropriate oversight, and they have refined the framework based on previous feedback when similar language was rejected in committee.

“The longer we delay this commonsense clarification, the greater the risk that this transformative technology is pushed overseas, harming American investors and innovators,” said Emmer.

“If we want to keep the next generation of builders in the United States, this kind of legal clarity is essential,” said Torres, who added, “We cannot afford to let outdated or misapplied regulations drive American talent and technology overseas.”

Several industry organizations have endorsed the reintroduction, including Coin Center, DeFi Education Fund, Blockchain Association, solana Policy Institute, and Crypto Council for Innovation.

Emmer originally introduced this bill in 2018, and the current version represents continued efforts to establish regulatory clarity.

Texas Bitcoin Reserve Bill Passes

In related news, the Texas strategic Bitcoin reserve bill (SB 21) has passed the third reading by a vote of 101 to 42 and now heads to the Governor’s desk for signature.

The bill establishes the reserve as an investment vehicle, allowing the state to actively buy, sell, and manage high market cap crypto assets for financial security and economic resilience.

JUST IN: TEXAS PASSES STRATEGIC bitcoin RESERVE BILL

SB 21 passes third reading by a vote of 101-42 and now heads to the Governor’s desk for signature. pic.twitter.com/fmEJsi2KiO

— Bitcoin Laws (@Bitcoin_Laws) May 21, 2025

Additionally, four new crypto-related bills were introduced in Michigan on May 21, according to Bitcoin Laws. They propose allowing the state retirement fund to invest in crypto, banning central bank digital currencies, and allowing Bitcoin mining on abandoned oil and gas wells.

Arizona and New Hampshire are the only two states to have enacted crypto reserve bills.

Strategic Bitcoin reserve bills are pending in 18 states, under consideration in one state, and have been rejected in five states, according to the SBR monitor.