SEC Chair Gary Gensler Must Testify Before Congress, Says Rep. Tom Emmer

The Minnesota representative said Gensler’s agency has failed to gather critical information from crypto companies.

Highlights

Minnesota Representative Tom Emmer called out Securities and Exchange Commission Chairman Gary Gensler on Sunday.
Emmer said the SEC had failed to gather critical information from crypto companies that would have prevented disasters like the collapse of the $32 billion dollar collapse of cryptocurrency exchange FTX.
The Minnesota representative also called out the SEC’s lack of transparency in its regulatory approach to regulating crypto companies.
He also claimed that the Congressional Blockchain Caucus has received reports of SEC inquiries and investigations that warrant concern.
In March, Emmer raised concerns about the SEC’s interactions with crypto companies, but said at the time that the agency was stifling innovation with an “overburdensome” approach.

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