🚀 Breaking Crypto News! 🚀

🇺🇸 US Congressman Tom Emmer criticized SEC Chairman Gary Gensler as the "most destructive" in the agency's 90-year history. Emmer said Gensler created the term "crypto asset security" without clear guidance.

📉 Debt Box lawsuit: SEC ordered to pay $1.8 million in fees after lawsuit dismissed. Emmer accused the SEC of fabricating the term to carry out Gensler's anti-crypto campaign.

🔥 SEC Commissioner Hester Peirce also criticized the late withdrawal of the term "crypto asset security". She said the SEC had failed in its duty.

📊 Gensler confirmed that SAB 121 rule will still apply, despite opposition from many politicians. This rule requires SEC reporting entities to record crypto assets as liabilities.

💬 What do you think about these developments? Leave a comment! 👇

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