Congress must act promptly to thwart any new burdensome regulatory attempts in the future. Thankfully, House Majority Whip Tom Emmer has taken the lead in these efforts to combat Gensler and the SEC by introducing an amendment to the Financial Services and General Government appropriations bill. If enacted, this rider would prohibit the SEC from using taxpayer dollars for illegal enforcement actions against digital assets without clear legal authority.
‘Enforcement 40’ for 2020
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