NewsletterBreaking: SEC Chair Gary Gensler To Appear Before US House Committee
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, is set to appear before the U.S. Congress House Appropriations Committee on Wednesday.
The SEC led by Gary Gensler has taken several regulatory actions against companies and people related to crypto. The “regulation by enforcement” against the crypto industry amid heightened scrutiny has been criticized by the industry. The agency has also led the Biden Administration’s highly coordinated plan with regulators to strangle the crypto industry by cutting ties with the banking sector.
Eleanor Terrett in a tweet on March 23 revealed that Gary Gensler is to appear before the House Appropriations Committee for its budget hearing next Wednesday. She further added that this will be Gary Gensler’s first appearance before the House in this congressional session.
🚨NEW: @GaryGensler will appear before the House Appropriations Committee for its budget hearing next Wednesday at 2:30PM. This will be his first appearance before the House this Congress.
— Eleanor Terrett (@EleanorTerrett) March 23, 2023
The House Appropriations Committee’s calendar also revealed that Gary Gensler, Chair of the U.S. SEC, will attend as a witness before the Financial Services and General Government Subcommittee on March 29 at 2:30 PM. The budget hearing will discuss the budget requirements of the SEC for the fiscal year 2024.
Several factors such as the ongoing banking crisis and the increase in the balance sheet of the Federal Reserve amid efforts to contain the crisis is likely to impact funding for the SEC. The Gary Gensler-led SEC has recently sued Tron founder Justin Sun for selling unregistered securities and sent Wells Notice to Coinbase over securities listing and staking services.
Also Read: Hindenburg Research Exposes Jack Dorsey’s Block Inc
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Just-in: White House Reviews IRS Proposal To Tax US Citizen’s Outbound Crypto Holdings
- Grayscale’s Dogecoin ETF Could Launch on November 24, Says Bloomberg Analyst
- Gold Tops Bitcoin as BTC Extends Decline, Losing Its YTD Gains
- Charles Hoskinson Reveals Midnight Roadmap, NIGHT Token To Go Live Dec 8
- Bybit’s Blockchain for Good Alliance Ends Impact Forum 2025 with SDG-Focused Initiatives
- Will MOODENG Reach $0.1 and MEW Hit $0.002 After Robinhood Listing?
- What’s Next for Cardano Price After Breaking Below Key Support Level?
- Pi Coin Price Could Jump 30%, But There’s a Catch
- Expert Sees XRP Price Rally if it Holds Key Support Ahead of Ripple ETF Launch
- Chainlink Price Eyes Breakout as Whales Scoop 150K $LINK
- Top Analysts Predict How Low Bitcoin Price Might Fall?
