In the News

WASHINGTON – Majority Whip Tom Emmer joined House Republican leadership to discuss Securities and Exchange Commission (SEC) Chairman Gary Gensler’s resignation announcement and the future of digital assets with a Republican trifecta. Whip Emmer said he looks “forward to working with President Trump and his new SEC Chair to deliver on our America First agenda for the digital asset economy.”

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Whip Emmer: “Many of us are counting down to January 20th because it marks President Trump’s triumphant return to the White House. But I’m also counting down because it’s the day that SEC Chairman Gary Gensler will finally meet the American people’s demands and resign. Chairman Gensler’s tenure at the SEC has been marred by regulatory hypocrisy, crippling American competitiveness. His approach to our capital markets was lawless, self-interested, and objectively destructive. He’s been an incompetent cop on the beat, pushing American firms into the hands of the Chinese Communist Party, and will undoubtedly go down as the worst SEC Chair in the history of this country. Under his leadership, the SEC abandoned its core mission to protect the opportunities of every American who wants to participate in the greatest capital markets in the world. He wasted a large part of the SEC’s resources to wage war on the crypto industry – a strategy that has proven unsuccessful for him as the SEC continues to lose again and again in the courts. Corruption under Gary Gensler ran so deep that a federal judge took the unprecedented step of imposing sanctions on the SEC for misrepresenting key facts in the Debt Box case – ultimately costing taxpayers $2 million in legal fees. In 47 days, America will no longer be embarrassed by the mockery Chairman Gensler has made of the SEC. President Trump will fulfill his mandate for change. With our first pro-crypto commander in chief, the SEC will work for the American people again, not against them. A new day is coming, and I look forward to working with President Trump and his new SEC Chair to deliver on our America First agenda for the digital asset community.”

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