• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

US senator blasts SEC for non-judicial actions against crypto companies

Jon Hartney by Jon Hartney
July 20, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations.

Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies.

Emmer posted a video on Tuesday showing his conversation at the House Committee on Financial Services, where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry sweeps” against crypto companies.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

The SEC Director of Enforcement admits the SEC is cracking down on companies outside its jurisdiction. Absolutely unacceptable. pic.twitter.com/wRQU54Ov6v

— Tom Emmer (@RepTomEmmer) July 19, 2022

The Senator further enquired if these sweeps against crypto companies fall under the jurisdiction of the SEC and what actions the commission takes against companies that don’t volunteer for such voluntary questioning. Grewal admitted to using enforcement actions against companies that are not under their jurisdiction. Emmer said SEC was using its Enforcement branch to unconstitutionally expand its crypto jurisdiction.

Emmer also accused SEC Chair Garry Gensler of baiting and threatening companies, he said:

“Under Chair Gensler, the SEC has become a power-hungry regulator, politicizing enforcement, baiting companies to ‘come in and talk’ to the Commission, then hitting them with enforcement actions, discouraging good-faith cooperation.”

Emmer said SEC’s behavior was absolutely unacceptable and believes the regulatory body is not regulating in good faith especially when it comes to the digital asset market.

Related: Lummis-Gillibrand crypto bill likely deferred to next year

Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the U.S also blamed SEC for its enforcement approach against major crypto exchanges. Sherman accused the SEC enforcement division of going after Ripple (XRP) as a security, but not the crypto exchanges that processed “tens of thousands” transactions of the token.

Many in the crypto industry were hopeful that Gary Gensler’s appointment as SEC chief would prove beneficial for the crypto regulations, given his crypto/blockchain background. However, on the contrary, Gensler’s approach has been quite opaque and unethical.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,645.00-2.62%
  • ethereumEthereum(ETH)$1,621.92-3.26%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.13%
  • binancecoinBNB(BNB)$319.61-3.60%
  • usd-coinUSD Coin(USDC)$1.000.19%
  • rippleXRP(XRP)$0.390824-2.70%
  • Binance USDBinance USD(BUSD)$1.000.16%
  • cardanoCardano(ADA)$0.381399-4.33%
  • dogecoinDogecoin(DOGE)$0.086948-5.95%
  • matic-networkPolygon(MATIC)$1.25-1.57%
  • OKBOKB(OKB)$43.64-4.42%
  • SolanaSolana(SOL)$22.36-6.31%
  • Lido Staked EtherLido Staked Ether(STETH)$1,618.04-3.37%
  • polkadotPolkadot(DOT)$6.58-5.15%
  • Shiba InuShiba Inu(SHIB)$0.000013-8.26%
  • litecoinLitecoin(LTC)$96.28-4.85%
  • AvalancheAvalanche(AVAX)$19.36-6.58%
  • tronTRON(TRX)$0.065564-0.77%
  • daiDai(DAI)$1.00-0.04%
  • UniswapUniswap(UNI)$6.57-5.67%
  • cosmosCosmos Hub(ATOM)$14.61-2.96%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,570.00-2.78%
  • chainlinkChainlink(LINK)$6.95-3.31%
  • ToncoinToncoin(TON)$2.26-4.46%
  • leo-tokenLEO Token(LEO)$3.37-0.24%
  • ethereum-classicEthereum Classic(ETC)$21.88-5.33%
  • moneroMonero(XMR)$163.74-2.25%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • bitcoin-cashBitcoin Cash(BCH)$128.31-5.24%
  • stellarStellar(XLM)$0.089173-3.02%
  • AptosAptos(APT)$14.24-12.10%
  • Lido DAOLido DAO(LDO)$2.54-2.90%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.510.92%
  • CronosCronos(CRO)$0.081382-2.85%
  • ApeCoinApeCoin(APE)$5.54-7.96%
  • QuantQuant(QNT)$136.16-3.86%
  • filecoinFilecoin(FIL)$5.17-6.95%
  • algorandAlgorand(ALGO)$0.273413-2.67%
  • HederaHedera(HBAR)$0.071737-3.47%
  • vechainVeChain(VET)$0.024896-6.05%
  • Internet ComputerInternet Computer(ICP)$5.54-5.36%
  • The GraphThe Graph(GRT)$0.170633-15.13%
  • The SandboxThe Sandbox(SAND)$0.79-10.37%
  • FantomFantom(FTM)$0.499840-14.17%
  • decentralandDecentraland(MANA)$0.73-8.39%
  • Axie InfinityAxie Infinity(AXS)$11.46-2.01%
  • AaveAave(AAVE)$83.05-6.24%
  • eosEOS(EOS)$1.06-5.27%
  • MultiversXMultiversX(EGLD)$44.42-7.44%
  • theta-tokenTheta Network(THETA)$1.10-7.57%
  • FlowFlow(FLOW)$1.07-11.71%
  • tezosTezos(XTZ)$1.18-5.35%
  • FraxFrax(FRAX)$1.000.26%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000173-6.12%
  • true-usdTrueUSD(TUSD)$1.000.22%
  • paxos-standardPax Dollar(USDP)$1.000.95%
  • Frax ShareFrax Share(FXS)$12.49-0.50%
  • Rocket PoolRocket Pool(RPL)$45.046.73%
  • huobi-tokenHuobi(HT)$5.21-8.49%
  • kucoin-sharesKuCoin(KCS)$8.53-2.65%
  • bitcoin-cash-svBitcoin SV(BSV)$42.09-3.21%
  • havvenSynthetix Network(SNX)$2.58-11.75%
  • ChilizChiliz(CHZ)$0.148622-10.59%
  • Curve DAOCurve DAO(CRV)$1.05-4.78%
  • ImmutableXImmutableX(IMX)$0.97-14.71%
  • PancakeSwapPancakeSwap(CAKE)$4.51-0.99%
  • USDDUSDD(USDD)$0.990.01%
  • BitTorrentBitTorrent(BTT)$0.000001-2.44%
  • eCasheCash(XEC)$0.000036-5.62%
  • dashDash(DASH)$61.40-7.50%
  • makerMaker(MKR)$750.09-7.48%
  • BitDAOBitDAO(BIT)$0.58-2.85%
  • iotaIOTA(MIOTA)$0.237531-5.48%
  • Mina ProtocolMina Protocol(MINA)$0.78-9.49%
  • GateGate(GT)$4.38-1.71%
  • KlaytnKlaytn(KLAY)$0.203006-6.60%
  • Trust WalletTrust Wallet(TWT)$1.49-6.97%
  • neoNEO(NEO)$8.79-4.46%
  • OsmosisOsmosis(OSMO)$1.10-0.56%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.07%
  • OKCOKC(OKT)$32.450.38%
  • cUSDCcUSDC(CUSDC)$0.022440-1.28%
  • ArweaveArweave(AR)$11.38-11.70%
  • zcashZcash(ZEC)$43.68-6.66%
  • cDAIcDAI(CDAI)$0.021800-1.56%
  • OptimismOptimism(OP)$2.57-16.63%
  • THORChainTHORChain(RUNE)$1.80-7.59%
  • Tokenize XchangeTokenize Xchange(TKX)$6.74-1.18%
  • GMXGMX(GMX)$63.54-10.08%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.000000-3.49%
  • singularitynetSingularityNET(AGIX)$0.425284-33.03%
  • RadixRadix(XRD)$0.050071-0.69%
  • PAX GoldPAX Gold(PAXG)$1,869.780.41%
  • enjincoinEnjin Coin(ENJ)$0.478546-7.91%
  • zilliqaZilliqa(ZIL)$0.029228-5.35%
  • cETHcETH(CETH)$32.94-2.24%
  • RenderRender(RNDR)$1.61-23.61%
  • Tether GoldTether Gold(XAUT)$1,870.93-0.48%
  • Convex FinanceConvex Finance(CVX)$6.19-6.94%