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US senator calls on SEC's Gensler to answer for 'regulatory failures'

Published 12/12/2022, 01:09 AM
Updated 12/13/2022, 12:20 AM

Minnesota Senator Tom Emmer has slammed U.S. Securities Exchange Commission (SEC) Chairman Gary Gensler for his flawed “crypto information-gathering efforts,” saying that Gensler should appear before Congress to explain the cost of his “regulatory failures.”

Emmer’s comments came in a Dec. 10 tweet to his 67,500 Twitter followers, where he referred to a bipartisan Blockchain Caucus letter that he co-authored to the SEC chairman on March 16.

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