SEC Chair Gary Gensler has appeared in the crosshairs of Congress alongside several SEC commissioners
Rep. Pete Sessions has accused the regulatory agency of engaging in"selective enforcement." Meanwhile, Rep. Patrick McHenry stated that Gensler had turned the SEC into"a rogue agency." Without mincing words, Rep. Tom Emmer claimed that Gensler had"abused" the agency's enforcement tools."You've even baited companies eager to comply with you only to hit them with enforcement actions," Emmer added.
"I think that there's laws in place. If Congress wishes to change them, they will change them, but we are enforcing the law, and there are many people in this field who are not following the laws," Gensler stated. Biggest XRP Bullish Signal Turns Out False: Details Gensler has defended the SEC's"regulation by enforcement" approach, arguing that there are many cryptocurrency industry actors who are not following the securities laws. Meanwhile, Hester Peirce, a reputed pro-crypto commissioner, moved to undermine Gensler, arguing that the SEC has failed its duty as a regulator. She slammed the current regulatory approach for its lack of efficiency. At the same time, Rep.
Shiba Inu Burn Rate Skyrockets 5,975%, Ripple Prepares for Stablecoin Launch With New Burns, Bitcoin's Historical Trends Foreshadow Epic Rally in Q4: Crypto News Digest by U.Today EasyA announces the EasyA x Polkadot University, the world’s first university focused on blockchain educationShiba Inu Burn Rate Skyrockets 5,975%, Ripple Prepares for Stablecoin Launch With New Burns, Bitcoin's Historical Trends Foreshadow Epic Rally in Q4: Crypto News Digest by U.Today
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