Advocating for a clear and consistent regulatory landscape, so industry participants can effectively comply instead of being punished under regulation-by-enforcement policies.
Advocate for a clear and consistent regulatory landscape so industry participants can comply instead of being punished under regulation-by-enforcement policies.
Occurrences
Evidence
Emmer questioned SEC Chair Gary Gensler about the SEC’s “regulation-by-enforcement agenda,” and said the SEC had finalized zero crypto-specific rules while bringing about 55 enforcement actions against digital asset companies.
Emmer and Soto announced the Securities Clarity Act, saying it would provide market certainty for innovators and clear jurisdictional boundaries for regulators.
Emmer said the Securities Clarity Act passed the House as part of FIT21, which he described as creating a globally competitive framework and giving entrepreneurs clarity and assurance.
Emmer reintroduced the Blockchain Regulatory Certainty Act, saying it provides the clarification needed so developers are not pushed overseas and the U.S. can remain a leader in crypto.
Assessments
The promise was framed as an advocacy commitment rather than a guarantee that a full federal digital-asset regulatory framework would become law. During the same term, Emmer introduced and reintroduced legislation aimed at regulatory clarity, saw the Securities Clarity Act included in House-passed FIT21, reintroduced the Blockchain Regulatory Certainty Act, and publicly challenged SEC regulation-by-enforcement. Those actions satisfy the promised advocacy, even though the broader regulatory landscape was not fully enacted into law.