Congressman Tom Emmer Asks Feedback on SEC Chair’s Track Record

• Congressman Tom Emmer shares a Twitter post asking the community for Gensler’s track record.
• Reuters reports: “Gary Gensler has set the SEC on a perilous path.”
• Twitter users talk about Tom Emmer’s track record as well.

Tom Emmer, a Congressman, shared three blanks with bullet points in his Twitter post inviting the crypto community to fill in the blanks with Gary Gensler’s track record at the Securities Exchange Commission (SEC).

Subsequently after Emmer shared the post, one user wrote four points:

1. Hiding corruption of SEC officials like Bill Hinman and Carl Hoecker
2. Regulation through enforcement
3. Several (on-the-clock) meetings with an investment firm that manages his wealth (Vanguard)
4. Contempt for average investors.

In related news, Reuters published an article titled “Gary Gensler has set the SEC on a perilous path” three months ago. The lead in the news read:

Gary Gensler is the kind of regulator who gets things done. That’s not always the kind that serves America best. The chair of the Securities and Exchange Commission has flexed the rulemaking process in a way that has been helpful to a Democrat-led administration struggling to pass laws.

However, in the Twitter comments section under Emmer’s question, one user shared a tweet captioned “Tom Emmer’s track record.” The user shared a list of names of those who voted against the “Short Sale Transparency and Market Fairness Act” and Emmer’s name was there on the list. Notably, the act has the potential to have a significant positive effect for retail traders.

As a reply to the Twitter post mentioned above, one user stated “We all know how much you care for retail investors,” referring to Emmer and Gensler.