This is the second crypto investigation the US securities regulator dropped this week.
The regulators focused on crypto investor protection and new stablecoin rules while postponing the question of corporate crypto trading.
Brazil wasn’t pleased with Meta’s decision to rely on community notes, stating it would not subject its population to social media platforms that lead to “digital carnage or barbarity.”
“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.