United States Congressman Tom Emmer and other congresspeople sent a bipartisan letter to the United States Securities and Exchange Commission about its crypto investigations.
- US Congressman, who serves in Minnesota’s Sixth District, drafted a bipartisan letter to the US SEC Chair Gary Gensler relating to its crypto investigations.
- In the letter, he requested clarity on the SEC’s information-seeking process in relation to its probe of crypto startups and blockchain firms. The letter was signed by a number of congress members.
- Specifically, Emmer was requesting the use of resources from the Division of Enforcement and the Division of Examination to get information.
- He stated that the authorities were better positioned to “the SEC’s units charged with obtaining public commentary in the rulemaking process.
The SEC has been increasingly focusing on the crypto market in the last two years, recently charging the Ormeus Coin Founders in a $124 million fraud case.
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