Senator Eric Schmitt | U.S. Senator Eric Schmitt
Senator Eric Schmitt | U.S. Senator Eric Schmitt
U.S. Senator Eric Schmitt (R-MO) appeared on Fox News' "The Story with Martha MacCallum" to discuss recent legislative achievements, including a cryptocurrency bill and a rescissions package.
Senator Schmitt highlighted the significance of the cryptocurrency legislation, which President Trump recently signed into law. He acknowledged Senators Bill Hagerty and Cynthia Lummis for their leadership in the Senate and credited President Trump's support for advancing the cryptocurrency industry. Schmitt emphasized that this is the first regulatory framework for cryptocurrencies in the U.S., describing it as essential for maintaining global competitiveness against nations like China and members of the BRICS alliance.
Discussing the rescissions package, which is pending President Trump's approval, Senator Schmitt expressed his enthusiasm as its sponsor. He described it as a response to voter concerns over government spending. The package aims to cut $9 billion in expenditures over ten years, targeting what Schmitt calls "wasteful spending," including funding for international programs and public broadcasting subsidies.
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