Congressman Patrick McGenry: "SEC had to eliminate the Binance cryptocurrency for a long time" – Bits Media

The head of the Committee on Financial Services of the House of Representatives of the US Congress criticized the chairman of the Sec for, that he was actually concentrated by Kim Kardashian instead of pursuing Binance cryptocurrencies.

In an interview with DL News, Republican Patrick McGenry (Patrick McHenry) stated, that Gary Gensler (Gary Gensler) should have acted faster, to punish the largest cryptocurrency exchange. McGenry called the trading platform the subject, committing illegal financial transactions. The politician believes, that Binance does not adhere to American laws, At the same time recognizes, that in the United States there is no clear set of rules for cryptocurrency companies.

Last week, the US Securities and Exchange Commission (SEC) accused Binance of the absence of registration as a broker-dealer and market manipulations. Binance denies the accusations and is ready to prove his case in court. To the question, Will federal prosecutors follow the SEC example and whether the criminal case against Binance CEO Chanpan Zhao will initiate a criminal case (Changpeng Zhao), McGenry answered:

«Yes, and the SEC had to take strict measures for a long time. Instead, the regulator was pursued by Kim Kardashian. Honestly, Binance should be removed a few years ago ".

McGenry's remark concerns accusations, presented by the department of the American star Kim Kardashian for the illegal advance of the EMAX token token. In October last year, Kardashian resolved the lawsuit, Paying a fine $1,3 million.

Congressman Uveren, that lawmakers should also work hard, to help more effectively pursue attackers. It should be noted, that McGenry became the co -author of the bill, which can clarify the industry in the United States. Draft law, in early June, distinguishes the types of cryptocurrencies for securities and goods.

However, Democrat Maksin Waters (Maxine Waters) Concerned, that the bill will allow crypto companies, who are now accused of violating securities laws, Continue to conduct business, Having received temporary registration in the country. This will cease the compulsory actions of the SEC against crypto -films, Even if they are really engaged in fraud, Waters said.

Recently Republicans Warren Davidson (Warren Davidson) And Tom Emmmer (Tom Emmer) introduced the bill, in which SEC is proposed to remove the post of chairman.