Minnesota Congressman Tom Emmer plans to present a budgetary amendment to limit the U.S. Securities and Exchange Commission (SEC) from utilizing its crypto regulations budget.

Emmer, a Republican who holds the role of Majority Whip in the U.S. House of Representatives, is gearing up to sponsor a significant appropriations amendment bill, citing worries of excessive authority exerted by SEC chair Gary Gensler.

This amendment seeks to limit the SEC’s ability to allocate taxpayer funds for digital asset enforcement efforts.

Gensler’s actions negatively impact Americans’ ability to explore the potential of Bitcoin (BTC) and other cryptocurrencies, Emmer argued in a social media post. Congress, he says, must employ proper procedures to prevent any potential misuse of taxpayer funds by the SEC.

Gensler expresses concerns about crypto

While crypto enthusiasts may dis

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Author: Ogwu Osaemezu Emmanuel

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