The post SEC Chairman Gary Gensler in Hot Seat, HedgeUp (HDUP) Positions Itself Ahead of the Curve. Will Dogecoin Plummet Along With Tesla? appeared first on Coinpedia Fintech News
Securities and Exchange Commission (SEC) chairman Gary Gensler found himself in a congressional hot seat over his aggressive regulatory agenda on the crypto market.
During Tuesday’s House of Financial Services Committee hearing, Republican lawmakers on the panel blasted Gensler for the SEC’s recent enforcement efforts against crypto companies. They also ripped into Gensler’s proposed regulations to tighten rules for crypto firms, noting that he had proposed twice as many rules as his predecessors.
In his defence, Gensler argued to the panel that the U.S. has the strongest and most secure capital markets in the world because of its robust rules, adding that there is a need for updated rules because the new innovations are putting investors at risk.
But the committee’s chairman, Rep.Patrick McHen
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