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U.S. House's Spending Bill Aims to Hamstring SEC's Gensler Amid His Crypto Crackdown

Lawmakers agreed to an amendment from Tom Emmer, a senior House member and vocal crypto supporter, to insert an SEC-blocking provision in their government spending plan.

U.S. Rep. Tom Emmer, House majority whip, is seeking to use a budget bill to halt crypto enforcement actions from the Securities and Exchange Commission. (Jesse Hamilton/CoinDesk)
U.S. Rep. Tom Emmer, House majority whip, is seeking to use a budget bill to halt crypto enforcement actions from the Securities and Exchange Commission. (Jesse Hamilton/CoinDesk)