Rep. Tom Emmer says Gensler “abused his authority,” backs amendment to limit SEC’s crypto reach

Majority whip of the U.S. House of Representatives, Tom Emmer noted in a Sept. 9 post on X (formerly Twitter) that Securities and Exchange Commission (SEC) chief Gary Gensler has misused his authority. Emmer accused Gensler of overstepping the agency’s bounds in pursuing crypto enforcement and negatively impacting Americans.

Emmer is a well-known crypto ally who has raised concerns about the SEC’s overreach several times. He noted: