On Tuesday, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House in regards to the SEC’s crackdown on crypto. And it wasn’t pretty. Gensler declined to reply some very direct questions on conflicting and confusing regulations.
House Republicans, including House Financial Services Committee Chair Patrick McHenry, tore into Gensler for the SEC’s unclear and hard line approach.
“Regulation by enforcement isn’t sufficient nor sustainable,” McHenry said.
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On this episode of Crypto Insider, Vin Narayanan shares a number of the heated discussion and breaks down what all of it means.
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