US Senator Tom Emmer, Securities and Exchange Commission (SEC) Chairman Gary Gensler, and the agency found its cryptocurrency surveillance strategies ineffective and stated that it should be held accountable for its previous mistakes.
Crypto advocate Senator Tom Emmer December 10 on his official social media account. in his postincluding himself on March 16 of 8 congressmen He referred to the blockchain group meeting letter written with his participation. Emmer, SEC Chairman by Gary Gensler information gathering and auditing activities on the cryptocurrency ecosystem. aimless and haphazard claimed to continue. Voyager Digital and Celsius network Referring to the crypto scandals in the past, Emmer stated that Gensler’s strategies were ineffective.
Senator, Gensler Terra (LUNA), Celsius (CEL), Voyager and FTX causing bankruptcies to go undetected inconsistencies to provide information requested by Congress about that you refused reported. According to Emmer’s statements, Gensler instead wrote to Congress that the SEC’s Application and Review Sections explained its fields of activity.
Emmer, Gensler since Oct. US Representatives House Financial Services Committee not confronted and that you avoided He claimed. According to the senator, this situation prompts members of Congress to work on crypto as the SEC does in FTX. through the media forced to learn.
In the Senator’s post, Gensler’s accountability before Congress and what he did as a regulator cost of failures He argued that he should give information about
The Senator had previously said that Gensler’s lack of leadership contributed to the events of the FTX bankruptcy. had expressed.