U.S. Congressman Tom Emmer plans to introduce an appropriations amendment to limit the SEC's regulation of the cryptocurrency industry

ChainCatcher News, U.S. Congressman Tom Emmer stated on social media that SEC Chairman Gary Gensler is abusing his power and harming the interests of the American people. Emmer is calling on Congress to take action, including appropriations measures, to limit Gensler's weaponization of taxpayer funds.

To this end, Emmer plans to introduce an appropriations amendment to restrict the SEC's regulation of the cryptocurrency industry until comprehensive regulations are established.