Gary Gensler, Chairperson of the U.S. Securities and Exchange Commission (SEC) landed under scrutiny over his approach to the crypto industry. Many key leaders have raised their voices demanding clarity over digital assets regulations.
SEC chair to be testified
Eleanor Terrett, Journalist at Fox Business reported that SEC Chair will be facing testification. However, she added that as per her sources, Gensler will be answering Senate Banking and Housing Democrat questions on September 15, 2022.
She added that Rostin Behnam Commissioner of the CFTC will testify in front of the United States Senate Committee on Agriculture, Nutrition, and Forestry.
Coingape reported that the SEC Chair in an op-ed shared his views on the treatment of crypto markets. He compared digital assets with the car industry.
However, he asserted that there is no reason to give any kind of special status to digital assets. There should be no different treatment from the capital market. SEC Chair mentioned that investors have been indulging in crypto lending platforms that went bankrupt this year.
