Crypto-friendly congressman Tom Emmer has proposed an amendment aimed at "restraining SEC Chairman's abuse of enforcement power" towards the crypto industry.

According to BlockBeats news on November 9th, Tom Emmer, a crypto-friendly Republican congressman, recently criticized Gary Gensler, the chairman of the U.S. Securities and Exchange Commission, as "incompetent and ineffective", and proposed an amendment to "curb his abusive enforcement actions against the cryptocurrency industry". This bipartisan amendment was passed smoothly in the House of Representatives yesterday, aiming to prevent the U.S. Securities and Exchange Commission from using funds for cryptocurrency enforcement actions before its regulatory scope is determined by Congress.