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Tag: Blockchain Caucus

The Securities Clarity Act: We Need This!

Regulatory clarity in the crypto industry in U.S. has taken front stage for much of 2023, as jurisdictions across the globe put frameworks in...

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SEC Chair Gary Gensler Must Testify Before Congress, Says Rep. Tom Emmer

Minnesota Representative Tom Emmer called out Securities and Exchange Commission Chairman Gary Gensler on Sunday, demanding that the official speak before Congress about his...

Congress Members Alleges SEC for ‘Stifling Innovations’

Questions About A Trader Who Turned $50 Into $8M Made BBC Pull Out Documentary

Gary Gensler, the Chair of the U.S. Securities and Exchange Commission was questioned in a letter by eight members of the U.S. Congressional Blockchain Caucus concerning the treatment of SEC towards crypto firms.  Congress Members’ Crypto Probe The initiative was spearheaded by Congressman Tom Emmer (R-MN) on March 16, 2022. Emmer took to Twitter stating that the U.S. Congress office had been receiving several tips from many crypto and blockchain firms alike.  These tips were shared in regards to Gensler’s ‘requests’ to the crypto community that was burdensome, not voluntary, and were bordering towards ‘stifling innovation.’ My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation. — Tom Emmer (@RepTomEmmer) March 16, 2022 Tom Emmer replied to his tweet by sharing his bipartisan letter to the SEC Chair which was highly appreciated by the Blockchain Association. The Association gave the due credits to the eight members including Emmer, Darren Soto, Warren Davidson, Jake Auchincloss, Byron Donalds, Josh Gottheimer, Ted Budd, and Ritchie Torres. This is why I sent a bipartisan letter today to SEC Chair @GaryGensler with @RepDarrenSoto, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, and @RepRitchie regarding the SEC’s crypto information seeking process. pic.twitter.com/8HcTgZA0XL — Tom Emmer (@RepTomEmmer) March 16, 2022 The letter alleged the Securities and Exchange Commission’s Chair in gathering information in an inconsistent manner, which was the polar opposite to Commission’s standards for “initiating investigations.” Gary Gensler is known for being a nemesis of the crypto industry for a long time.

The post Congress Members Alleges SEC for ‘Stifling Innovations’ appeared first on Cryptoknowmics-Crypto News and Media Platform.

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