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

U.S. lawmaker Tom Emmer plans to sponsor a bill to limit SEC funding for crypto enforcement.
The move follows the SEC's increased enforcement actions against crypto firms under Chair Gary Gensler.
The bill aims to restrict the SEC until clear crypto rules and regulations are in place.
Emmer has advocated pro-crypto legislation before, signaling his support for the industry.
The bill's likelihood of passage is uncertain given expected Democratic opposition to limiting the SEC.

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