Posted 11/8/2023, 11:58:00 PM
House Bill Seeks to Limit SEC Crypto Enforcement, Targeting Chair Gensler
- House spending bill aims to limit SEC enforcement against crypto firms, targeting Chair Gensler
- Amendment by Rep. Emmer would block SEC funding for crypto enforcement until Congress passes legislation
- Emmer criticized Gensler as ineffective, trying to steer crypto with enforcement rather than policy
- Any House bill faces hurdle in Senate, which supports Gensler's crypto crackdown
- Comes as Congress faces another budget showdown after Speaker McCarthy was ousted by GOP