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Crypto Policy Showdown: SEC Chief to Testify in Huge Week for Regulation

The Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, is set to testify before the US House of Representatives Financial Services Committee amid a major regulatory onslaught against the cryptocurrency industry. This will be Gensler's first appearance before the committee in over a year and a half, and it will focus on the issue of oversight from the agency. The hearing arrives as the SEC is waging a widely publicized courtroom battle against the blockchain company Ripple, and the outcome of the case could have a tremendous impact on the entire crypto market. The upcoming hearing is expected to be bipartisan, with both the Republican and Democratic parties critical of Gensler's activities against the crypto industry. Additionally, the McHenry/Waters stablecoin legislation is back in the mix, with Congress reviving the 2022 legislative draft, and a legislative hearing scheduled for April 19.

(By Ana Nicenko)

Gary Gensler SEC
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