"While the SEC has authority to obtain info from market participants for rulemaking purposes, it must ensure that these inquiries don't infringe on the standards established in the Paperwork Reduction Act, which limits the burden the govt. imposes on private businesses & citizens."Read on Twitter
Here are other recent tweets from Tom Emmer:
"Crypto startups must not be weighed down by extra-jurisdictional and burdensome reporting requirements. We will ensure our regulators do not kill American innovation and opportunities."Read on Twitter
"This is why I sent a bipartisan letter today to SEC Chair @GaryGensler with @RepDarrenSoto, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, and @RepRitchie regarding the SECs crypto information seeking process."Read on Twitter
"My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGenslers information reporting requests to the crypto community are overburdensome, dont feel particularly voluntary and are stifling innovation."Read on Twitter
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