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US SEC Chair Gary Gensler Likely to Repeat Stance on Crypto Industry at House Committee Hearing

SEC Chair Gary Gensler is expected to reiterate his stance on the crypto industry being rife with fraud, abuse, and misconduct during the upcoming U.S. House of Representatives Committee on Financial Services hearing on September 27, 2023. Gensler had previously made this statement during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs.

The hearing, titled 'Oversight of the Securities and Exchange Commission', will be livestreamed at 10 AM Eastern Standard Time. Gensler had also stated that most crypto tokens are subject to securities laws and declined to comment on ongoing litigations during his previous testimony. The House Committee may also question Gensler on the timeline for the United States' crypto regulatory framework.

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