US senator blasts SEC for nonjudicial actions against crypto companies

Emmer posted a video on July 19 showing his conversation at the House Committee on Financial Services where he accused the SEC of politicizing regulations. He went on to grill SEC Enforcement Director Gurbir Grewal over SEC’s unethical “industry sweeps” against crypto companies. The Senator went on to enquire whether these sweeps against crypto companies fall under the jurisdiction of the SEC and what actions the commission takes against companies that don’t volunteer for such voluntary questioning.