Minnesota Congressman Tom Emmer has called on SEC chairman Gary Gensler to testify in Congress and 'answer questions about the cost of his regulatory failures.'
Minnesota Senator Tom Emmer has slammed United States Securities Exchange Commission Chairman Gary Gensler for his flawed “crypto information-gathering efforts” and insisted Gensler should appear before Congress to explain the cost of his “regulatory failures.”to his 67,500 Twitter followers, where he made reference to a bipartisan Blockchain Caucus letter he co-authored to the SEC Chairman on Mar. 16.
He declined to provide Congress with the information requested in the letter, which would've informed Congress of the apparent inconsistencies in Gensler's approach that caused him to miss Terra/Luna, Celsius, Voyager, and FTX.“[Gensler] must testify before Congress and answer questions about the cost of his regulatory failures,” the Senator added.
Writers of the March Blockchain Caucus letter stated the SEC’s efforts in sourcing information from crypto companies were not “targeted, intentional, or clear” but rather “haphazard and unfocused.”
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