Gensler Faces Congress and Critics Alike
Gensler’s recent congressional testimony has been brushed off by the crypto community as nothing but a meaningless charade, attracting harsher criticism from some politicians than ever before.
On this page
Tom Emmer presented a compelling viewpoint during the hearings, suggesting that Gensler’s approach appears more aligned with preserving banking interests rather than unbiased regulation, which could be detrimental to the U.S. economic landscape.
In a particularly memorable moment, Andy Barr compared Gensler's regulatory strategies to the controversial actions of figure skater Tonya Harding, who was infamously associated with an attack on her competitor to gain advantage.
“With all due respect Mr. Chairman, if the U.S. capital markets are a gold medalist, you are the Tonya Harding of securities regulations,” Barr observed.
Focusing on another facet, Patrick McHenry highlighted the SEC's recent court failures and criticized its firm posture against digital assets, which is proving problematic for American corporations.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
