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SEC Chair Gary Gensler to Appear Before Digital Assets Subcommittee

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will appear before the House's digital assets subcommittee on April 18, 2023, according to House Financial Services Committee Chairman Patrick McHenry. McHenry hopes to discuss Gensler's rulemaking and approach to digital assets and establish a regulatory sphere for digital assets. The oversight hearing seeks to close a structural gap in the House Financial Services Committee in addressing crypto topics. Gensler's approach to regulation has frustrated industry players, including Coinbase, which received a Wells Notice from the SEC alleging that certain assets it listed were securities. The SEC's crackdown on Coinbase rival Kraken has also received criticism from within the agency.

(By David Thomas)

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