**Cryptocurrency and Blockchain News**

- On September 24, Minnesota Representative Tom Emmer harshly criticized SEC Chairman Gary Gensler at a congressional hearing.

- Emmer accused Gensler of abusing his power and creating a culture of loyalty among SEC employees.

- Gensler denied the allegations, despite the existence of email correspondence.

- The SEC, under Gensler, has initiated lawsuits against major crypto companies, including Ripple and Coinbase.

- Emmer also noted that the term "crypto assets" was coined by Gensler and has no legal basis.