SEC Chair Gensler Faces Tough Questions from House Financial Services Committee

Gary Gensler, the chairman of the US Securities and Exchange Commission, testified before the House Financial Services Committee, where he discussed the need for greater regulation of the cryptocurrency industry. Meanwhile, Israel and the UAE have both made statements regarding their stance on digital assets, with Israel saying it would consider issuing a CBDC if the EU or US did so, and the UAE stating that virtual assets can only be traded if accepted by its federal securities regulator. In other news, physical golden eggs tied to NFTs are the latest trend in Bitcoin-based digital collectibles, and the Aurox Wallet now allows users to make transactions on Ethereum without holding ETH.