U.S. Rep. Tom Emmer has said that the crypto industry will not benefit from an overturned legal doctrine that forced courts to use federal agencies' interpretations of ambiguous laws unless Congress passes legislation limiting the scope of regulation by relevant agencies.
Emmer acknowledged that crypto-related bills have recently gained more bipartisan support, noting that in May, 71 House Democrats joined Republicans in voting for the 21st Century Financial Innovation and Technology Act.
However, Emmer claims that only if Trump wins the November 5 election and Republicans control the House and Senate can the Chevron principle be overturned with potential impact. (Cointelegraph)
US Congressman: Unless Congress restricts regulators, overturning the Chevron principle may not benefit the crypto industry
2024-10-10 00:53:24
US house of representatives tom emmer expressing non-congressional passing legislative restrictionsdesk3cryptocurrencydesktopCrypto News
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