During an episode of Unchained Podcast with Laura Shin, Congressman Emmer described SEC Chair Gary Gensler as a “Warren Disciple”, a subtle hint at his pro-fiat and anti-crypto stance. The lawmaker added that under Gensler’s leadership, the Commission was more focused on enforcing regulation outside their jurisdiction rather than cracking down on bad actors in the industry.
“This guy in my mind is a bad faith regulator. He has been blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors,” Emmer stated. The Commission has faced criticism from industry leaders as well as fellow regulators over its recent crackdown on the crypto industry.
Source: U.S. Lawmaker Says SEC Chair Gary Gensler Is A Bad Faith Regulator By CoinEdition