Congressman Tom Emmer Pens Letter to Treasury Secretary Yellen on ‘Unprecedented’ Tornado Cash Sanctions

August 24, 2022 The Daily Hodl

crypto

US Congressman Tom Emmer of Minnesota is seeking clarity on the Office of Foreign Assets Control’s (OFAC) recent banning of crypto mixer Tornado Cash. In a letter addressed to Treasury Secretary Janet Yellen, Emmer says that the government’s unprecedented sanction of Tornado Cash is unique in that it was imposed against a “privacy-enabling” code. “It […]

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SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’

July 24, 2022 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement […]

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SEC Chair Gary Gensler Says Crypto Lending Firms Fall Under Agency’s Jurisdiction

July 22, 2022 The Daily Hodl

CNBC

U.S Securities and Exchange Commission (SEC) Chair Gary Gensler says crypto lending firms fall under the dominion of the regulatory agency. In a new interview with CNBC, Gensler says the way digital asset lending firms currently operate makes them fall under the jurisdiction of the SEC. “Many of these firms like BlockFi that settle may […]

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US Congressman Says SEC Is Overstepping Bounds When It Comes to Regulating Crypto Assets

July 21, 2022 The Daily Hodl

crypto

A US Representative says the U.S. Securities and Exchange Commission (SEC) has become power hungry when it comes to regulating crypto assets. In a recent Congressional meeting, Representative Tom Emmer of Minnesota says the SEC is unfairly cracking down on crypto firms that are not within its jurisdiction. “Chair [Gary] Gensler’s political regime, carried out […]

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US Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’

July 21, 2022 Bitcoin.com

bitcoin.com

A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.” Rep. Emmer Slams SEC and Chair Gensler The director […]

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SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse

May 20, 2022 Bitcoin.com

bitcoin.com

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and UST Collapse U.S. Securities and Exchange Commission Chairman Gary […]

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Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement

May 5, 2022 Bitcoin.com

Bitcoin

Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the […]

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US Senator Ted Cruz Proposes Bill To Prohibit Federal Government From Using CBDC As Surveillance Tool

April 1, 2022 The Daily Hodl

bill

United States Senator Ted Cruz of Texas is proposing a bill that would prevent the US government from developing a central bank digital currency (CBDC) that could be used to monitor the financial transactions of American citizens. According to a press release, Cruz introduces the bill as a complementary piece to Representative Tom Emmer’s legislation, […]

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8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation

March 17, 2022 Bitcoin.com

bitcoin.com

Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community, the SEC’s “requests” for information “are overburdensome, don’t feel particularly voluntary, and are stifling innovation.” US Lawmakers Want Answers From SEC U.S. Representatives […]

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US Senator: ‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers

January 31, 2022 Bitcoin.com

America Competes Act

U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained that the legislation would give Treasury Secretary Janet Yellen “dictatorial-level […]

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