SEC Leaders Clash on Cryptocurrency Regulations Amid Testy House Hearing

Tuesday, 24 September 2024, 18:13

SEC leaders clashed over cryptocurrency regulations during a heated House hearing. Commissioner Hester Peirce criticized Chair Gary Gensler's approach, suggesting regulatory ambiguity. Gensler defended the SEC's framework for determining if digital assets are securities. Lawmakers echoed Peirce's concerns, highlighting the need for clarity in digital asset regulation.
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SEC Leaders Clash on Cryptocurrency Regulations Amid Testy House Hearing

SEC Leaders Clash on Cryptocurrency Regulations

In a heated House hearing on Tuesday, SEC leaders showcased their stark differences regarding cryptocurrency regulation. Republican Commissioner Hester Peirce offered a searing critique of the SEC's work under Democratic Chair Gary Gensler, claiming that the agency has “fallen down on our duty as a regulator.”

Peirce's Critique of Gensler's Approach

Peirce highlighted the agency's


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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