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Sonakshi Saxena
Mar 29, 2023
by Sonakshi Saxena

Crypto Policy To Be A Source Of Gruelling For Sec Chief Gary Gensler

Gary Gensler

Table of contents

  1. House Financial Services Committee to question SEC chief on crypto
  2. SEC to probe Gensler's stance on crypto as oversight hearing nears
  3. U.S. regulators have a tough stance on crypto
The FSC chief stated that their primary goal would be to lay the groundwork for the US Crypto regulations. The chief of the United States Securities and Exchange Commission, Gary Gensler, is scheduled to testify preliminary before the House Financial Services Committee.

House Financial Services Committee to question SEC chief on crypto

The Chairman of the Financial Services Committee, Patrick McHenry confirmed that the SEC chief will face questions from Congress regarding his approach towards the crypto ecosystem. The House of Representatives Committee on Financial Services is tasked with overseeing all aspects of the financial services sector inclusive of banking, securities and digital assets in the U.S.

SEC to probe Gensler's stance on crypto as oversight hearing nears

McHenry said that the SEC’s first oversight hearing will focus on Gensler rulemaking and approach towards crypto assets. The committee will oversee the SEC as a whole and take a serious approach towards defining the regulatory scope of digital assets. The SEC chief’s approach towards crypto has caused lots of controversy and many Democrats have raised concern over it. According to Dennis Porte, a co-founder of the Satoshi Act Fund, numerous pro-crypto and pro-Bitcoin Democrats are gathering to protest their own party's position.

U.S. regulators have a tough stance on crypto

The U.S. regulators have taken a tough stance in crypto with the start of 2023, with the SEC issuing Wells notice to a number of crypto firms including Coinbase and BUSD. Simultaneously Binance is the subject of the new lawsuit from the CFTC. Nonetheless, the crypto organisation has consistently highlighted the way that guidelines would be chosen by Congress and not individual offices

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Crypto Policy To Be A Source Of Gruelling For Sec Chief Gary Gensler
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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