Congressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […]
SEC Chair Gary Gensler Insists Crypto Field Is ‘Rife With Abuses and Fraud’
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has reiterated that the crypto industry is filled with instances of abuse and fraud, citing a significant number of bankruptcies in recent years. He also cautioned investors in spot bitcoin exchange-traded funds (ETFs) that these products are based on a “highly speculative volatile underlying asset: bitcoin.” […]