Molly WhiteEmmer: "You say the crypto market is rife with noncompliance, however existing SEC rules make no sense for blockchain-based companies, and following them would actually kill these businesses."
Emmer accuses Gensler and the SEC of "pushing American firms into the hands of the [Chinese Communist Party]".
Emmer entered into the record a WSJ article about crypto going to China. I believe it was this one: https://www.wsj.com/articles/hong-kong-banks-are-netting-crypto-customers-as-citys-push-gains-steam-ccb5811f
Adam Lassek@molly0xfff Yes, the CPC is famously bullish on crypto. That will work out great for them