Time and again,
@GaryGensler
's
@SECGov
has refused to provide our Committee with documents related to the collapse of FTX and the climate disclosure rule.
Last week, Chairman
@PatrickMcHenry
and
@RepHuizenga
took Chair Gensler to task for his agency's noncompliance.
📺 👇
Amidst gaslighting on the strength of the economy, one stat stands out: the average annual inflation rate under Biden is 5.5%, up significantly from the previous admin.
"Americans can also see that prices aren’t falling back to where they were..."
#FIT21
will provide needed regulation for the industry and protect American consumers.
I co-sponsored this bipartisan legislation when we passed it out of the House Financial Services Committee and will push for passage when it reaches the House floor in just two weeks.
Exactly right,
@mcuban
. This is why Congress must pass
#FIT21
with bipartisan support to:
✅ Create robust consumer protections
✅ Provide regulatory clarity for market participants
✅ End regulation by enforcement
✅ Allow the digital asset ecosystem to thrive in the U.S.
This is how
@GaryGensler
and the SEC are trying to destroy the crypto industry.
They make it impossible to comply with registration rules
Since the SEC decided to litigate to regulate rather than make any effort to increase compliance, if I get an investment opportunity…
For too long, the U.S. digital asset ecosystem has been plagued by regulatory uncertainty that stifled innovation and left consumers unprotected.
#FIT21
will cement American leadership of the global financial system and bolster our role as an international hub for innovation.
After tirelessly working across the aisle and across the nation over the past year to craft a clear, pragmatic regulatory framework for digital assets, I am proud that this landmark legislation,
#FIT21
, is coming to the House Floor.
More below⬇️
🚨 BREAKING: House to consider the Financial Innovation and Technology for the 21st Century Act.
#FIT21
will deliver robust consumer protections and regulatory clarity for digital asset markets.
👇 Read more 🔗
Foreign entities should not dictate U.S. energy policies.
ISS’ aggressive ESG agenda jepordizes our national security and energy independence.
@RepBryanSteil
and I are calling on the U.S. Treasury Department to vet this acquisition more seriously. ⬇️
Regardless of party, members of the House agree that the
@SECGov
has gone OVERBOARD with Staff Accounting Bulletin 121.
Joe Biden’s promise to veto this resolution demonstrates this is NOT about legitimate policy, it's solely about RAW POLITICAL POWER.
Chairman Marty Gruenberg has overstayed his welcome at the
@FDICgov
. His abuse of authority and evasion of accountability began when he spearheaded Operation Chokepoint. I have no confidence in either his ability or moral authority to turn things around at an agency he has…
I'm grateful Digital Asset privacy and property rights unite Republicans. I applaud the Democrats who took the tough vote to be right on policy. Hopefully, this serves as a floor for future bipartisan work to:
✔️ Ban Central Bank Digital Currency (CBDC)
✔️ Protect self-custody…
.
@SECGov
Chairman Gensler tried to pull a fast one by sneaking an unconstitutional rulemaking as "guidance" to avoid public feedback and Congress.
I was proud to vote 'Yes' on H.J.Res. 109, which would stop this unconstitutional attempt, through SAB 121, in its tracks.
The House just passed
@USRepMikeFlood
’s bipartisan resolution to overturn
@GaryGensler
’s illegal SAB 121 rule. I’m proud to be a cosponsor of this effort.
Since President Biden took office, his administration has made it a point to test the limits of, and take shortcuts around, the public rulemaking processes. Staff Accounting Bulletin, or SAB 121, is one such example.
#PASSED
: The House just passed
@USRepMikeFlood
's H.J.Res. 109 to nullify the
@SECGov
's SAB 121 through the Congressional Review Act with bipartisan support.
👇 Read more 🔗
If your business accepted Visa and/or Mastercard between 2004 - 2019, you're now eligible to claim your share of a $5.5 billion Settlement. Eligible merchants must file a Claim Form by May 31, 2024.
By disincentivizing well-regulated financial institutions from providing custody services for digital assets, the
@SECGov
's SAB 121 concentrates this risk in less regulated firms.
Republicans' CRA blocks SAB 121—enhancing consumer protections in digital asset markets.