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Congressman Tom Emmer Lashes Out Against Gary Gensler’s Tweet

“Gary Gensler is protecting no one,” says Congressman Tom Emmer.Emmer believes that Gensler’s regulation through enforcement strategy hurts Americans....
Congressman Tom Emmer Lashes Out Against Gary Gensler’s Tweet Congressman Tom Emmer Lashes Out Against Gary Gensler’s Tweet

  • “Gary Gensler is protecting no one,” says Congressman Tom Emmer.
  • Emmer believes that Gensler’s regulation through enforcement strategy hurts Americans.
  • “Crypto intermediaries need to comply with our securities laws,” says Gensler.

Earlier today, Congressman Tom Emmer expressed his take on Securities and Exchange Commission (SEC’s) chair Gary Gensler’s vouching for SEC’s action in a tweet.

Emmer pokes at Gensler stating that “he [Gensler] is once again late to the game, ‘protecting’ no one.” He further calls out Gensler, saying that it is quite clear that his [Gensler’s] political “regulation through enforcement” strategy hurts everyday Americans.

Yesterday, the SEC charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.

The SEC’s complaint alleges that the Gemini Earn program constitutes an offer and sale of securities under applicable law and should have been registered with the Commission.

SEC chairman Gary Gensler tweeted about it announcing its action taken against Genesis and goes on to explain the importance of SEC’s securities law in a 2-min long clip to which Emmer had reacted.

Crypto assets worth billions of dollars have been raised by Genesis and Gemini from a wide range of investors. The cryptocurrency traders have allegedly exercised discretion in how to use investors’ crypto assets to generate revenue and pay interest to Gemini Earn investors.

According to the complaint, Genesis would not allow its Gemini Earn investors to withdraw their crypto assets. Due to the volatility in the crypto asset market, Genesis did not have sufficient liquid assets to meet withdrawal requests.

Gensler remarks, “We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors.”

Investigations into other securities law violations and other entities and persons relating to the alleged misconduct are ongoing.

The post Congressman Tom Emmer Lashes Out Against Gary Gensler’s Tweet appeared first on Coin Edition.

See original on CoinEdition

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net_home_top Ai VIF
23-03-2023 21:17:09 (UTC+7)

EUR/USD

1.0885

+0.0030 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

EUR/USD

1.0885

+0.0030 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

GBP/USD

1.2303

+0.0039 (+0.32%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

USD/JPY

131.31

-0.13 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6710

+0.0028 (+0.42%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (6)

Sell (1)

USD/CAD

1.3647

-0.0080 (-0.59%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (11)

EUR/JPY

142.92

+0.24 (+0.17%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

0.9968

+0.0011 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (10)

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Indicators:

Buy (6)

Sell (1)

Gold Futures

1,981.95

+32.35 (+1.66%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Silver Futures

23.205

+0.419 (+1.84%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

Copper Futures

4.0965

+0.0520 (+1.29%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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Sell (3)

Crude Oil WTI Futures

71.31

+0.41 (+0.58%)

Summary

↑ Buy

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Brent Oil Futures

77.07

+0.38 (+0.50%)

Summary

↑ Buy

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Natural Gas Futures

2.207

+0.036 (+1.66%)

Summary

Sell

Moving Avg:

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Indicators:

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US Coffee C Futures

174.75

-3.25 (-1.83%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (8)

Euro Stoxx 50

4,204.15

+8.45 (+0.20%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

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S&P 500

3,981.38

+44.41 (+1.13%)

Summary

↑ Buy

Moving Avg:

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Sell (3)

Indicators:

Buy (11)

Sell (0)

DAX

15,219.05

+2.86 (+0.02%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

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FTSE 100

7,520.40

-46.44 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

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Sell (0)

Hang Seng

20,049.64

+458.21 (+2.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,761.65

+28.31 (+1.63%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

IBEX 35

8,996.16

-13.14 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

BASF SE NA O.N.

46.525

-0.035 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

56.08

-0.55 (-0.97%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

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Allianz SE VNA O.N.

207.52

-0.58 (-0.28%)

Summary

↑ Buy

Moving Avg:

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Adidas AG

142.55

+1.55 (+1.10%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

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Deutsche Lufthansa AG

9.891

+0.013 (+0.13%)

Summary

↑ Buy

Moving Avg:

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Siemens AG Class N

144.46

-0.48 (-0.33%)

Summary

↑ Buy

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Deutsche Bank AG

9.515

-0.128 (-1.33%)

Summary

Neutral

Moving Avg:

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 EUR/USD1.0885↑ Buy
 GBP/USD1.2303Neutral
 USD/JPY131.31↑ Buy
 AUD/USD0.6710Neutral
 USD/CAD1.3647↑ Sell
 EUR/JPY142.92↑ Buy
 EUR/CHF0.9968↑ Buy
 Gold1,981.95↑ Sell
 Silver23.205Neutral
 Copper4.0965↑ Buy
 Crude Oil WTI71.31↑ Buy
 Brent Oil77.07↑ Buy
 Natural Gas2.207Sell
 US Coffee C174.75↑ Sell
 Euro Stoxx 504,204.15↑ Buy
 S&P 5003,981.38↑ Buy
 DAX15,219.05↑ Buy
 FTSE 1007,520.40↑ Buy
 Hang Seng20,049.64↑ Buy
 Small Cap 20001,761.65Neutral
 IBEX 358,996.16↑ Buy
 BASF46.525↑ Buy
 Bayer56.08↑ Buy
 Allianz207.52↑ Buy
 Adidas142.55↑ Buy
 Lufthansa9.891↑ Buy
 Siemens AG144.46↑ Buy
 Deutsche Bank AG9.515Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,660/ 6,710
(10/ 10) # 1,070
SJC HCM6,655/ 6,725
(10/ 10) # 1,085
SJC Hanoi6,655/ 6,727
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SJC Danang6,655/ 6,727
(10/ 10) # 1,087
SJC Nhatrang6,655/ 6,727
(10/ 10) # 1,087
SJC Cantho6,655/ 6,727
(10/ 10) # 1,087
Cập nhật 23-03-2023 21:17:12
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ↀ Giá vàng thế giới
$1,981.45+11.680.59%
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Sản phẩmVùng 1Vùng 2
RON 95-V23.96024.430
RON 95-III23.03023.490
E5 RON 92-II22.02022.460
DO 0.05S19.30019.680
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Dầu hỏa 2-K19.46019.840
ↂ Giá dầu thô thế giới
WTI$71.42-1.27-1.80%
Brent$76.83-1.33-1.77%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.300,0023.670,00
EUR25.009,8726.410,24
GBP28.229,1229.432,78
JPY174,87185,12
KRW15,8919,36
Cập nhật lúc 18:50:17 23/03/2023
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