Congressman Tom Emmer Plans to Restrict SEC Spending on Digital Asset Regulation
Congressman Tom Emmer is supporting the creation of an amendment that would limit the amount of funds the U.S. Securities and Exchange Commission (SEC) can spend on regulating digital assets. Emmer, the majority whip of the U.S. House of Representatives, believes that SEC Chair Gary Gensler has exceeded his authority and is misusing taxpayer money through the regulator’s enforcement actions. Emmer intends to sponsor an appropriations amendment that would impede the flow of tax dollars towards crypto enforcement actions. Emmer, who is a supporter of cryptocurrency, has previously stated that crypto should not be a partisan issue. He has also criticized Senator Elizabeth Warren, who is skeptical of crypto, referring to her as a “control-freak senator.”
Hot Take: Tom Emmer Takes a Stand Against SEC’s Use of Funds
Congressman Tom Emmer is pushing for an amendment to restrict the U.S. Securities and Exchange Commission’s (SEC) use of funds for digital asset regulation. Emmer argues that SEC Chair Gary Gensler has misused his authority and taxpayer money through enforcement actions. By sponsoring an appropriations amendment, Emmer aims to limit the SEC’s ability to spend tax dollars on crypto enforcement until clear regulations are in place. Emmer, who supports cryptocurrency, believes that crypto should not be a partisan issue. He has also criticized Senator Elizabeth Warren for her skepticism of digital assets, referring to her as a “control-freak senator.” Emmer asserts that digital assets cannot be stopped, even by countries like China that have attempted to ban crypto mining.
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