Crypto Enforcement Funds Under Scrutiny: Congressman Emmer Calls For Restrict...
In a recent statement, Congressman Tom Emmer, a prominent figure in the GOP and a staunch advocate for crypto, expressed his concerns regarding the actions of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer accused Gensler of abusing his authority, leading to the expansion of the Administrative State while “disregarding the interests of the […]
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US Congressman and popular crypto advocate Tom Emmer has stated his intentions to introduce an appropriations amendment that limits the ability of the US Securities and Exchange Commission to deploy funds on digital asset enforcement. SEC Chairman Abused His Authority, Emmer Says Through an X post on Friday, Emmer, who is also serving as the […]
“Overburdensome” — Eight members of Congress have expressed concern that Gary Gensler’s scrutiny of crypto firms is unfairly suffocating the industry. In a bipartisan letter put forward by Republican Minnesota Congressman Tom Emmer, a cohort of Congress members has written to Securities and Exchange Commission (SEC) Chairman Gary Gensler, challenging the regulator's scrutiny of cryptocurrency firms and expressing concern that “overburdensome” investigation may be suffocating the crypto industry. They suggest the SEC is drowning companies in paperwork in contravention of the SEC’s stated....
Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations. Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies.Emmer posted a video on Tuesday showing his conversation at the House Committee on Financial Services, where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry....
A group of crypto companies has complained about the U.S. Securities and Exchange Commission’s (SEC) “overburdensome” reporting requests. Via his personal Twitter account, U.S. Congressman Tom Emmer reported “numerous tips” possibly confirming this situation. Related Reading | Ripple Consider Big Triumph Against SEC As Judge Declined Key Motion The U.S. government official said the request […]
U.S. Congressman Tom Emmer sent a letter to Secretary of the Treasury Janet Yellen regarding the sanctions imposed on the Ethereum decentralized exchange Tornado Cash. The government official called the measures “unprecedented” as they targeted a technology, not an individual or entity. Related Reading: Telegram Founder Suggests Auctioning Usernames As NFTs To 700 Million Users […]