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House Financial Services Committee Threatens Hearing if SEC Chair Gensler Doesn't Respond to Crypto-Related Questions

House Financial Services Committee Chair Patrick T. McHenry and Rep. Bill Huizenga have accused SEC Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters. The lawmakers sent a letter to Gensler demanding responses to questions about former FTX CEO Sam Bankman-Fried and the process of digital asset exchanges registering with the regulator. If Gensler does not respond by May 19, they plan to schedule testimony. The SEC has not yet responded to the lawmakers' request for comment.

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