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U.S. Congressman: SEC Abuses Its Power to Investigate Crypto Companies

By WebsCryptoMarch 18, 20221 Min Read
U.S. Congressman: SEC Abuses Its Power to Investigate Crypto Companies
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On March 17, eight members of Congress from the U.S. Congressional Blockchain Caucus sent a letter to SEC Chairman Gary Gensler to discuss the SEC’s handling of crypto companies.

Suggesting that the SEC is abusing its investigative arm, Congressman Tom Emmer wrote: “There seems to be a recent trend of using the investigative function of law enforcement to extract money from unregulated cryptocurrencies and cryptocurrencies in a way that does not meet the Committee’s standards for initiating an investigation. Collect information from blockchain industry players.

In November last year, Tom Emmer and another congressman, Darren Soto, sent a letter to Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), calling on the SEC to approve ETF trading products based on spot bitcoin assets.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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