Skip to comments.Congressmembers Tried to Stop the SEC’s Inquiry Into FTX - The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms.
Posted on 11/25/2022 7:51:40 AM PST by dynachrome
The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year, the Prospect has confirmed, bringing a new perspective to an effort by a bipartisan group of congressmembers to slow down that investigation.
The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law.
Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip, the number three position in the House GOP leadership, led the letter. In a contemporaneous Twitter thread, Emmer wrote: “My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting ‘requests’ to the crypto community are overburdensome, don’t feel particularly … voluntary … and are stifling innovation.”
(Excerpt) Read more at prospect.org ...
4 ‘pubs, 4 rats
Republicans have become the enemy of the people.
To quote/paraphrase Lewis Black:
Republicans “We’ve got a really shitty idea!...”
Democrats “...and we can make it shittier!...”
This reminds me of the infamous “Keating Five” incident—where John McCain was exposed as a foul crook.
Scratch a RINO and there is always corruption to be found...
Better that Ds get elected than RINOs.
FTA——— House Financial Services Committee has announced hearings during the lame-duck session into the FTX collapse.
Signers Emmer, Torres, Gottheimer, Auchincloss, Davidson, and Budd are all members of that committee.
Unfortunately, they won’t be the ones forced to answer the questions.
Pretty much. The promised investigations in the Republican House will be nothing more than a dog and pony show to expose nothing.
Congress can’t afford to have the method of their bribes exposed.
The signers should recuse themselves from the hearings.
They are a part of the problem—no way they can be part of the solution.
Sickening, disgusting behavior for Republicans. There can never be true reform until these types are ruthlessly purged from the Republican Party. Soory but there is no other viable political vehicle available if America is to be saved from the globalists and their FTX type nation destroying lures.
Yes. The actual “RINO’s” are the oddballs who want to put the country and people first. The real Republicans are the establishment Republicans.
nine paragraphs til you get a dem name
this was a hit on pubs
Being a congresscrtter is easy. (1) Vote the party line, (2) Enrich yourself.
It’s so easy John Fetterman can do it.
= 8 pubrats
Yes, but it was bipartisan.
Look at who is funding them. Guaranteed you’ll find the money trail.
The problems were visible in April when they went to the Bahamas and the fleecing began.
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