Congressman Tom Emmer says he’s backing plans to create an amendment that would restrict the amount of funds that the U.S. Securities and Exchange Commission (SEC) spends on regulating digital assets.
The majority whip of the U.S. House of Representatives tells his followers on social media platform X that SEC Chair Gary Gensler has overstepped his power and is “weaponizing” tax dollars with the regulator’s enforcement actions.
Emmer says he wants to sponsor an appropriations amendment that would tamper the flow of tax money funding crypto enforcement actions.
“Gary Gensler has abused his authority to grow the Administrative State to the detriment of the American people. Congress must use all our tools, including the appropriations process, to restrict Chair Gensler from further weaponizing taxpayer dollars.