The post US Congressman Tom Emmer Sharly Criticises Gary Gensler, Calls Him Lawless Chairman of The SEC appeared first on Coinpedia Fintech News
The SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward with regulatory actions against crypto entities despite being aware of potential legal issues. Rep. Tom Emmer sharply questioned the SEC Chair during the hearing. Emmer also accused the SEC of causing confusion in the market and lacking accountability. He noted that the term âcrypto asset securityâ was made up while itâs nowhere in statute. He stressed that the SEC Chairâs inconsistencies on this issue have set this country back quoting âWe could not have had a more historically destructive or lawless chairman of the SEC.â