Tom Emmer, U.S. House Majority Whip, criticizes SEC Chair Gensler's actions in crypto and seeks congressional intervention to prevent misuse of taxpayer funds. Emmer plans an appropriations amendment to restrict SEC crypto enforcement without clear regulations, addressing concerns about taxpayer mon
in the cryptocurrency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions., Tom Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority, which is negatively affecting the American people. Emmer urges Congress to utilize their available methods and proper procedures to thwart any potential misuse of taxpayer funds by Gary Gensler and the SEC.
In the past, Rep. Tom Emmer has jointly sponsored several bills aiming to enhance regulatory transparency in the United States. Emmer recently used Twitter to unveil his latest endeavor to limit Gary Gensler and the SEC's financial resources.has abused his authority to grow the Administrative State to the detriment of the American people. Congress must use all our tools, including the appropriations process, to restrict Chair Gensler from further weaponizing taxpayer dollars.
Key figures in the blockchain sector, including Blockchain Association CEO Kristin Smith and Crypto Council CEO Sheila Warren, expressed their backing for the proposed legislation. Tom Emmer has also thrown his support behind Rep. Warren Davidson's SEC Stabilization Act, which
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