Congressman Tom Emmer expressed dissatisfaction with Gary Gensler’s approach to the crypto ecosystem’s regulation. Gensler is the chair of the U.S. Securities and Exchange Commission (SEC).
Emmer has been outspoken in his criticism of Gensler’s “arbitrary and inconsistent approach” to crypto monitoring. On March 16, the Congressman disclosed receiving approaches from multiple blockchain and cryptocurrency companies that thought Gensler’s reporting requirements were onerous and stifled innovation.
Congressman Emmer has previously requested that the SEC abide by the requirements outlined in the Administrative Reduction Act of 1980, which was created to lessen the overall paperwork load that the federal government places on individuals and private companies.
On an end note, Emmer said that: “Congress shouldn’t have to learn the details about the SEC’s oversight agenda through planted stories in progressive publications,” adding that he was looking forward to Gensler’s public testimony before the Financial Services Committee.
The first official DAO in the United States, American CryptoFed DAO, started a legal dispute with the SEC regarding 2021 token registrations and decided not to use attorneys in its quest for registration.
Additionally, American CryptoFed stated that it intended to submit a motion to extend the due date for its response to the SEC’s Order Initiating Administrative Proceedings.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Ramat Gan, Israel, 14th November 2024, Chainwire
Amidst the heavyweights like Binance (BNB) and resilient competitors like Cardano (ADA), Qubetics ($TICS) is…
Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…
Pennsylvania proposes a Bitcoin Reserve, aiming to hold BTC as a state reserve asset to…
Let’s dive into why Qubetics might just be the investment to settle those Avalanche regrets.
Discover how Toncoin's valuation, SUI's latest Google Cloud partnership, and BlockDAG's soaring presale frame the…
This website uses cookies.