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Tom Emmer Introduces Amendment To Limit SEC’s Use of Funds for Digital Asset Enforcement

Tom Emmer, the Majority Whip of the U.S. House of Representatives, has introduced an amendment criticizing SEC Chair Gary Gensler for overstepping his authority in the cryptocurrency industry. Emmer is urging Congress to use their available methods to restrict Gensler from misusing taxpayer funds.

He plans to introduce an appropriations amendment that will limit the SEC's utilization of funds for digital asset enforcement until comprehensive rules and regulations are put in place. Emmer has previously sponsored bills aiming to enhance regulatory transparency, including the Blockchain Regulatory Certainty Act.

SEC Gary Gensler
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