Recently, Congressman Tom Emmer (R-MN) has introduced a bill that would limit the U.S. Securities and Exchange Commission’s (SEC) budget for cryptocurrency enforcement. The bill, titled the “Crypto-Currency Act of 2020,” would require the SEC to use no more than 0.25% of its annual budget to enforce cryptocurrency-related laws and regulations.

The bill is intended to provide clarity and certainty to the cryptocurrency industry, which has long been subject to uncertain and unpredictable enforcement by the SEC. The bill would also provide much needed guidance to investors and entrepreneurs in the space, allowing them to make better informed decisions about their investments.

The bill is part of a larger effort by Congressman Emmer to promote innovation in the cryptocurrency space. He has been a vocal supporter of blockchain technology and has been a strong advocate for the development of a regulatory framework that will allow the industry to flourish.

The bill has been met with both support and criticism from various members of the cryptocurrency community. Supporters argue that the bill will help to create a more stable regulatory environment for the industry, while critics argue that it will limit the SEC’s ability to protect investors from fraud and manipulation.

Regardless of the outcome of the bill, it is clear that Congressman Emmer is committed to promoting innovation in the cryptocurrency space. By introducing this bill, he is sending a clear message that he is willing to work with the industry to ensure that it can continue to grow and thrive.