**Crypto Clash: Emmer vs. Gensler in the SEC Showdown**
- **Congressman Tom Emmer** called out SEC Chair Gary Gensler for being the most "destructive" and "lawless" Chair in SEC history. Emmer accused Gensler of inventing the term "crypto asset security" without providing any regulatory guidance. đ§
- Emmer grilled Gensler over the SEC's mishandling of the Debt Box case, which ended with the SEC paying $1.8 million in fees. Ouch!
- **SEC Commissioner Hester Peirce** also criticized Gensler, saying the term "crypto asset security" should have been retracted long ago.
- Despite pressure, Gensler confirmed that the controversial SAB 121 rule will stay in place, aiming to help public companies understand crypto risks.
