Congressional Republicans Grill SEC Chair Gensler on Crypto and Climate Change Policies.
TL;DR
Republicans on the House Financial Services Committee criticized SEC Chair Gary Gensler's approach to crypto companies ahead of a congressional hearing, arguing that his approach was not "compatible" with existing law. They claimed that national securities exchange regulations are a poor fit for digital assets because cryptocurrencies can be used for noninvestment purposes. Gensler is set to testify before the committee on Tuesday, and a subcommittee will hold a more crypto-specific hearing on stablecoins on Wednesday.
Topics:businesscryptocurrency-regulation#crypto#cryptocurrency-regulation#gary-gensler#house-financial-services-committee#national-securities-exchange#sec
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