Congressman Tom Emmer (R-MN) criticized Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday, suggesting that Gensler's approach to regulation is biased in favor of large financial institutions and detrimental to innovation.
The world of digital assets and their regulation is a topic of increasing importance, with debates like this shedding light on the challenges and opportunities in the sector. Such discussions will be a focal point at Benzinga's Future of Digital Assets conference on Nov. 14.
During the Financial Services Committee hearing, Emmer questioned Gensler's impartiality as a regulator, given his extensive 18-year career at Goldman Sachs (NYSE: GS), where he held several positions and amassed considerable wealth.
Emmer pointedly ...