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28 March 2024
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US Congressman Would Take a Portion of His Salary in Bitcoin

While speaking to bitcoin bull Anthony Pompliano, Rep. Tom Emmer (R-MN) suggested that he could receive some portions of his salary in BTC.

Minnesota Representative, a longstanding crypto supporter, might become the first U.S. Congressman to take his salary in Bitcoin.

Rep Emmer to Be Paid in BTC?

In a recent podcast interview with popular BTC bull Anthony Pompliano, Rep. Tom Emmer (R-MN) noted that he would take a portion of his salary in Bitcoin. The host asked Rep. Emmer whether he would use a service that converts some of his earnings into the primary cryptocurrency.

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“Why not?” the Congressman said. “I think I would take advantage of it and I think that other people would.”

He also indicated that a part of his motivation was to help bring Bitcoin into the mainstream.

“The idea is that we can start bringing crypto into the mainstream, whether it’s by taking a portion of our salary, or by allowing it organically [to spread.]”

Moreover, Rep. Emmer also believes that crypto is the natural step in the evolution of the current financial system.

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He added that “legacy financial institutions [can] evolve, if they chose, with the financial system, or not.”

In the same interview, Rep. Emmer called out the U.S. financial regulator SEC for rejecting a Bitcoin ETF. Earlier, he tweeted that the Securities and Exchange Commission’s decision was “baseless.”

Pro-Crypto Politicians

Congressman Emmer is a longstanding supporter of crypto. For instance, back in his 2018 congressional campaign, he said he would introduce several crypto-related bills to the House. All of these would support crypto and blockchain tech in some form.

Rep. Emmer is not the only political figure that said he would take a part of his salary in Bitcoin. In fact, the mayors of New York City and Miami are already converting their salaries into crypto.

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It’s not just the U.S., though. Last week, one Belgian Member of Parliament vowed to convert his entire salary in Bitcoin.

NBA stars also like to take a portion of their earnings in bitcoin. Recently, NBA stars Andre Iguodala and Klay Thompson of the Golden State Warriors hopped on the crypto bandwagon.

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