SE Nebraska News

Rep. Mike Flood, a U.S. Congressman representing Nebraska's 1st district since 2022, shared his views on recent developments in the digital financial sector through a series of tweets on January 24, 2025. Flood, who succeeded Jeff Fortenberry and has previously served in the Nebraska State Legislature, expressed optimism about the changes initiated by President Trump and others regarding America's digital financial future.

In a tweet posted at 00:22:58 UTC, Rep. Flood highlighted significant actions taken during the first week of President Trump's new administration. He stated that "President Trump, @HesterPeirce, and @MarkUyedaUS have transformed the future of America’s digital financial future by repealing this onerous rule."

Later that day at 00:23:43 UTC, he expressed his anticipation for collaboration with colleagues in Congress to advance digital innovation. Flood mentioned working towards establishing a framework for digital assets in the coming months and directed followers to his full statement on the repeal of SAB 121.

At 20:31:53 UTC, Rep. Flood criticized Gary Gensler's tenure at the SEC under President Biden's administration, stating, "One of the failures of the Biden administration was Gary Gensler. He was like a fountain of bad ideas at the @SECGov." He noted Chair Gensler's departure as marking a new era for digital assets and referenced comments made alongside fellow representatives in December.