.GOPMajorityWhip has called out GaryGensler as a 'bad faith regulator' stifling the US crypto industry
The Republican Congressman considered this enforcement action an appropriate use of the agency's authority, unlike Gensler's dealings with companies like Coinbase.
The top Republican recounted that, despite multiple meetings over several months, the SEC refused to provide feedback on a product Coinbase was considering listing, only to later issue a Wells notice on the same issues for which the company sought guidance. Emmer concluded by saying that cryptocurrency will thrive with or without the United States but lamented the polarization of the technology by the current administration and"unelected bureaucrats."
He suggested that the regulatory actions being pursued only serve to limit U.S. economic development and opportunities for Americans, which could negatively impact the nation's standing in the global economy.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Senate's new Dr. NoWith a 51-49 majority, Senate Democrats have the raw numbers to push through POTUS's nominees. But a pair of high-profile recent picks have failed, due in part to concerns first raised by GOP lawmakers led by freshman SenEricSchmitt.
Read more »
Myke Towers’ ‘La Vida Es Una’ Debuts in Top 10 of Top Latin Albums ChartMyke Towers’ 'La Vida Es Una' debuts in the top 10 of the TopLatinAlbums chart.
Read more »
Pink Floyd’s ‘Dark Side of the Moon: Live’ Debuts in Top 10 on Album Sales Chart“Dark Side” arrives in the top 10 across multiple charts, including Top Rock Albums & Vinyl Albums.
Read more »
Breakingviews - Elon Musk’s Doge barks up SEC’s treeElon Musk’s Dogecoin yapping might be loud enough to hear in Washington. The token’s value soared as much as 30% earlier this week after Musk-owned Twitter featured a Shiba Inu on the social media service’s homepage instead of its blue bird logo. It could help inform the crypto-skeptical U.S. Securities and Exchange Commission as it considers how to police the industry.
Read more »
Ripple CEO rips SEC's Gary GenslerThere is no love lost between Ripple and Gary Gensler. So it wasn’t surprising that the Securities and Exchange Commission chair got hit with a fresh round of brickbats from the San Francisco crypto company.
Read more »
SEC fills the vacuum left by lack of new crypto, stablecoin laws in USThe SEC has filled the vacuum left by a lack of legislation to expand its oversight into two areas identified by U.S. government officials as 'regulatory gaps': stablecoins and crypto firms that integrate traditionally separate financial activities.
Read more »