Tom Emmer sneaks crypto provision into House budget bill

As congressional leaders work for the second time this year to prevent a government shutdown, Representative Tom Emmer, R-Minn., is advancing an amendment targeting how the Securities and Exchange Commission can use funds. 

Emmer’s amendment to the Financial Services and General Government Appropriations Act, which passed the House in a voice vote Wednesday, prohibits the securities regulator from using its budget to pursue enforcement actions against crypto companies until Congress passes legislation that grants the SEC jurisdiction over the asset class. 

In remarks before the Rules Committee hearing this week, Emmer blamed the SEC’s “out of check” spending on Chair Gary…

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