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U.S. Representative Tom Emmer called out the SEC and Gary Gensler’s actions on crypto “abuse of power.”
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Emmer proposed to restrict the finances of the regulatory agency until it comes up with clear crypto regulations.
The Securities and Exchange Commission (SEC) has been ramping up regulatory enforcement actions against the broader crypto industry. Due to these actions, the agency has to face backlash not only within the industry but also from lawmakers. Congressman Tom Emmer reportedly plans to control the financial allocation of the regulator citing abuse of power.
U.S. Representative, who’s also Majority Whip of the U.S. House of Representatives, calls for sponsoring amendment for the SEC. Emmer intends to refrain the financial regulator from using the funds to take enforcement actions on digital assets and companies.
Emmer called out the actions of existing SEC chair Gary Gensler and alleged him to be operating beyond his authority
We współpracy z: https://www.thecoinrepublic.com/2023/09/09/congressman-prepares-to-restrain-secs-finances-until-regulations/
