Congressman Tom Emmer says he supports plans to introduce an amendment that would limit the amount of money the U.S. Securities and Exchange Commission (SEC) spends regulating digital assets.
The majority whip of the U.S. House of Representatives tells his followers on social media platform
Bucket say he wants to sponsor an appropriations amendment that would tamper with the flow of taxpayer money that funds crypto enforcement actions.
“Gary Gensler has abused his authority to grow the administrative state to the detriment of the American people. Congress must use all of our tools, including the appropriations process, to stop Chairman Gensler from further weaponizing taxpayer dollars.
That is why I intend to support an appropriations amendment that would limit the SEC’s use of funds for digital asset enforcement until clear rules and regulations are in place.”
Emmer, a crypto advocate, said in an interview with Laura Shin earlier this year that crypto should not be a partisan issue.
He calls crypto-skeptical Senator Elizabeth Warren (D-Massachusetts) a “control-freak senator.”
“Elizabeth Warren, she may not like central banks, but she likes the design. I believe that ultimately she wants banks to be a utility, a public company, and not privately owned.
But beyond that, she is desperate to hold on to the centralization and control that comes with central banking. And while I’m not against central banking – I think it serves an important function and we’ll always have the traditional, in my mind, two-tiered banking system that we’ve become accustomed to – it’s going to have to evolve into the 21st century.
And when you talk about digital assets and crypto, they can’t stop it. If China can’t stop it when they banned all mining, which they haven’t been able to fully achieve, what do you think the country that still practices freedom will do?
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