US Congressman Tom Emmer has lashed out at the SEC Chairman Gary Gensler and called him a regulator by harassment, this in response to Gensler encouraging the public to report tips or complaints to the SEC.
Tom Emmer Accuses SEC Chair of Harassment
US Congressman Tom Emmer has demanded that SEC Chairman Gary Gensler be fired. Emmer issued the call to action on X (previously Twitter) after Gensler posted a message asking the public to report tips or complaints to the SEC. Emmer accused Gensler of ‘regulation-by-harassment’ and used a hashtag to call for the SEC to terminate its chairman.
Emmer’s criticism comes after other top personalities in the crypto space have also expressed their dissatisfaction with Gensler’s leadership.
Concurrently, the owner of the Dallas Mavericks, Mark Cuban, has openly called for the President of the United States, Joe Biden, to fire Gensler for not meeting the agency’s core responsibility
Growing Tensions Between SEC and Crypto Industry
The history of the relationship between the SEC and the crypto market has been rather hostile for the past several years. Several industry stakeholders have claimed that change is needed at the SEC with regard to leadership.
This sentiment was captured during a recent crypto roundtable that was organized by Congressman Ro Khanna where participants including the Ripple CEO Brad Garlinghouse and the CEO of Galaxy digital Mike novogratz complained about the actions of the SEC
