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Highlights
- Tom Emmer criticizes SEC Chair Gary Gensler, urges his resignation.
- Emmer warns against Kamala Harris' potential Treasury Secretary picks, citing financial risks.
- Gary Gensler and Elizabeth Warren's appointments could "destroy" US financial system, Emmer says.
Congressman Tom Emmer has recently taken to X to criticize the US Securities and Exchange Commission (SEC) and its Chair, Gary Gensler. His comments have raised eyebrows, especially his warnings about potential Treasury Secretary picks by US Presidential Candidate Kamala Harris. His statements emphasize the potential risks these appointments could pose to the U.S. financial system and the future of cryptocurrency regulation.
Tom Emmer Criticizes SEC Chair Gary Gensler
Tom Emmer did not hold back in his criticism of the SEC and Gary Gensler. Although he praised the recent launch of Spot Ethereum ETFs in the U.S., he hasn’t shied away from slamming the U.S. Securities and Exchange Commission or its Chair.
Notably, he has attributed this ETF approval not to the SEC’s leadership but to judicial intervention. In his post, he stated, “Great to see the US SEC adjust course and allow ETH Spot ETFs to begin trading today. On second thought, we should actually be thanking the courts.”
In addition, he has also urged Gary Gensler’s resignation from his chair. Meanwhile, Emmer’s dissatisfaction with Gensler is not new. He has repeatedly criticized the SEC Chair’s approach to crypto regulation, which he believes stifles innovation and hinders market growth.
His call for Gensler’s removal underscores his frustration with the current regulatory landscape.
Also Read: Bitcoin Faces Threat As Spot Ethereum ETF Debuts
Warning Over Kamala Harris’ US Treasury Pick
In addition to his criticism of the SEC, Tom Emmer expressed serious concerns about Kamala Harris potentially appointing Gary Gensler or Senator Elizabeth Warren as Treasury Secretary. He warned that such appointments could “destroy” the U.S. financial system due to their stances on economic policies.
He stated:
Many people are concerned that Kamala Harris would appoint Elizabeth Warren or Gary Gensler to be her Treasury Secretary. Their mission to upend free markets, innovation, and global competitiveness would destroy our financial system.
Notably, his recent comments come amid Donald Trump’s VP pick JD Vance shared his frustration against Kamala Harris. In a recent X post, he has blamed Kamala Harris for “every policy failure” over the last four years. Meanwhile, Tom Emmer’s warnings highlight the high stakes involved in the upcoming elections and the potential impact of key appointments on the financial sector.
On the other hand, Emmer also recently emphasized the importance of blockchain technology in the evolving digital economy, reflecting his pro-crypto stance. He noted that as artificial intelligence (AI) continues to integrate into various sectors, blockchain will ensure the authenticity, immutability, traceability, and transparency of AI data.
Also Read: Kraken Begins Distributing Mt Gox Creditors In Bitcoin
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