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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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02-12-2023 15:08:49 (UTC+7)

EUR/USD

1.0883

-0.0003 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.0883

-0.0003 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.2711

+0.0089 (+0.71%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

USD/JPY

146.80

-1.38 (-0.93%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (5)

AUD/USD

0.6673

+0.0068 (+1.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

USD/CAD

1.3497

-0.0065 (-0.48%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

EUR/JPY

159.76

-1.60 (-0.99%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

EUR/CHF

0.9458

-0.0071 (-0.75%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (6)

Gold Futures

2,073.20

+35.10 (+1.72%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Silver Futures

25.490

+0.197 (+0.78%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (0)

Copper Futures

3.9195

+0.0690 (+1.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

74.38

-1.58 (-2.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (2)

Brent Oil Futures

79.56

-1.30 (-1.61%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (3)

Sell (5)

Natural Gas Futures

2.777

-0.025 (-0.89%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

183.70

-1.00 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Euro Stoxx 50

4,417.25

+34.78 (+0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,594.63

+26.83 (+0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

DAX

16,397.52

+182.09 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,529.35

+75.60 (+1.01%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Hang Seng

16,847.00

-181.50 (-1.07%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (3)

US Small Cap 2000

1,862.64

+53.62 (+2.96%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

IBEX 35

10,140.80

+82.60 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

43.240

+0.555 (+1.30%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (0)

Bayer AG NA

31.11

-0.25 (-0.80%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

235.25

+4.65 (+2.02%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Adidas AG

194.24

+2.10 (+1.09%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

Deutsche Lufthansa AG

8.222

+0.242 (+3.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (5)

Siemens AG Class N

156.00

+2.00 (+1.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Deutsche Bank AG

11.520

+0.094 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

 EUR/USD1.0883↑ Buy
 GBP/USD1.2711↑ Buy
 USD/JPY146.80Sell
 AUD/USD0.6673↑ Buy
 USD/CAD1.3497Sell
 EUR/JPY159.76↑ Sell
 EUR/CHF0.9458↑ Sell
 Gold2,073.20↑ Buy
 Silver25.490Sell
 Copper3.9195↑ Buy
 Crude Oil WTI74.38↑ Buy
 Brent Oil79.56Neutral
 Natural Gas2.777↑ Buy
 US Coffee C183.70↑ Sell
 Euro Stoxx 504,417.25↑ Buy
 S&P 5004,594.63↑ Buy
 DAX16,397.52↑ Buy
 FTSE 1007,529.35↑ Sell
 Hang Seng16,847.00Sell
 Small Cap 20001,862.64↑ Buy
 IBEX 3510,140.80↑ Buy
 BASF43.240↑ Buy
 Bayer31.11↑ Buy
 Allianz235.25↑ Buy
 Adidas194.24Neutral
 Lufthansa8.222Sell
 Siemens AG156.00↑ Buy
 Deutsche Bank AG11.520↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,220/ 7,320
(0/ 0) # 1,302
SJC HCM7,270/ 7,400
(40/ 50) # 1,297
SJC Hanoi7,270/ 7,402
(40/ 50) # 1,299
SJC Danang7,270/ 7,402
(40/ 50) # 1,299
SJC Nhatrang7,270/ 7,402
(40/ 50) # 1,299
SJC Cantho7,270/ 7,402
(40/ 50) # 1,299
Cập nhật 02-12-2023 15:08:51
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ↀ Giá vàng thế giới
$2,072.13+32.011.57%
Live 24 hour Gold Chart
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Sản phẩmVùng 1Vùng 2
RON 95-V23.68024.150
RON 95-III22.99023.440
E5 RON 92-II21.79022.220
DO 0.05S20.19020.590
DO 0,001S-V21.59022.020
Dầu hỏa 2-K21.11021.530
ↂ Giá dầu thô thế giới
WTI$74.48-0.81-0.01%
Brent$79.11-0.95-0.01%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.080,0024.450,00
EUR25.781,5527.197,16
GBP29.888,4331.161,13
JPY159,30168,63
KRW16,0719,48
Cập nhật lúc 15:02:22 02/12/2023
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