Emmer Seeks to Limit SEC Crypto Regulation, Calls Warren a Control-Freak

Congressman Tom Emmer backing amendment to restrict SEC funding for crypto regulation
Claims SEC Chair Gary Gensler is "weaponizing" taxes against crypto
Wants to limit SEC's ability to enforce crypto rules until clear regulations exist
Called Senator Elizabeth Warren a "control-freak" skeptical of crypto recently
Said even China couldn't fully stop crypto by banning mining

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Relevant topic timeline:

9/1/2023

Gary Gensler’s Crypto Approach Likely Won’t Be Slowed By The Courts

The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.

9/9/2023

Lawmaker Plans Bill to Limit SEC Crypto Enforcement Funding Amid Increased Scrutiny

United States lawmaker Tom Emmer plans to sponsor a bill that would limit the Securities and Exchange Commission's ability to enforce regulations on the crypto industry, citing concerns over the agency's abuse of authority.

9/28/2023

Gensler Faces Backlash at House Hearing, Accused of Stifling Innovation and Pushing 'Woke' Agenda

SEC Chair Gary Gensler faces criticism from lawmakers, including accusations of kneecapping capital markets and calls for his firing, during a congressional hearing on market oversight, while also dodging questions about Bitcoin and Pokemon cards.

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Posted 9/11/2023, 6:45:22 PM