US congressman attacks SEC boss over crypto regulation

Congressman Tom Emmer attacked SEC Chairman Gary Gensler for impeding the development of the crypto industry in the U.S. Emmer compared the SEC’s approach to the CFTC lawsuit against Binance for allegedly marketing un

Highlights

• House Majority Whip Tom Emmer called SEC Chairman Gary Gensler a “poor faith regulator’s” who is impeding the development of the crypto industry in the U.S.
• Emmer said that the SEC has been “blindly showering the crypto community with enforcement actions” while failing to address the real troublemakers in the industry.
• Emmer promised to “continue to raise the siren of hypocrisy” and cooperate with bipartisan colleagues like Congressmen Ro Khanna, Darren Soto, and Ritchie Torres to promote the development.
• The Republican Congressman said that cryptocurrencies will succeed with or without the United States, but he bemoaned the administration’s and ‘unelected bureaucrats’

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