The recent grilling of US Securities and Exchange Commission (SEC) Chair Gary Gensler before the House Financial Services Committee has been seen as a positive move for the crypto market. The criticism Gensler faced during the hearing could validate the long-standing demand for regulatory clarity in the crypto space. Lawmakers questioned the status quo and sought Gensler's opinion on the legal framework behind crypto assets. The need for an immediate resolution to regulatory issues surrounding cryptocurrency trade in the US was also expressed. However, it remains to be seen if such hearings will further delay the outcome from legal routes in crypto-related lawsuits, such as the Ripple vs SEC case. Experts predict that the Summary Judgement could be out any time before May 6, 2022, but the impact of the recent Congressional hearing on court rulings cannot be ruled out. (coingape)