US lawmakers introduce bill to restructure SEC, remove Chairman Gary Gensler

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US congressman Emmer says SEC chair Gensler is ‘incompetent’

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US lawmaker says President Biden administration is weaponizing market chaos to kill crypto

U.S. lawmaker Tom Emmer said President Biden’s administration was weaponizing market chaos to kill crypto. The pro-crypto lawmaker added that he sent Federal Deposit Insurance Corporation (FDIC) Chairman Gruenberg an investigative letter seeking additional information on the regulator’s actions against crypto-friendly banks. Emmer highlights anti-crypto moves by regulators In a Fox Business interview, Emmer argued…

US lawmaker Tom Emmer says SEC is ‘protecting’ no one

U.S. lawmaker Tom Emmer said SEC chairman Gary Gensler is “protecting” no one with his “regulation through enforcement” strategy. Instead, Emmer believes that the policy hurts “everyday Americans.” Emmer added: “When can we expect proactive guidance instead of leaving the industry to interpret the rules of the road through your after-the-fact enforcement actions?” The lawmaker…

US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse

U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Business interview. FTX’s collapse is not a crypto failure. It’s a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point….