Rep. Tom Emmer sponsors modification to restrict SEC’s crypto oversight

United States Consultant Tom Emmer, Majority Whip of the U.S. Home of Representatives — who has beforehand expressed considerations in regards to the U.S. Securities Trade Fee’s (SEC) actions within the cryptocurrency trade — sponsored an appropriations modification limiting the SEC’s use of funds on digital asset enforcement on Sept. 8.

In his assertion, Emmer criticizes SEC Chair Gary Gensler, alleging he has overstepped his authority, which is negatively affecting the American folks. Emmer urged Congress to make the most of its out there strategies and correct procedures to thwart any potential misuse of taxpayer funds by Gensler and the SEC.

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