Congressional Republicans Challenge SEC Chair Gensler's Crypto Policies and Testimony.

Republicans on the House Financial Services Committee have criticized the Securities and Exchange Commission (SEC) Chair Gary Gensler's approach to digital asset regulation and his attempts to force digital asset trading platforms to register under the national securities exchange (NSE) framework. The Republicans have urged Gensler to work with Congress to develop clear rules for digital assets that foster innovation and protect investors. They argue that the current NSE framework is ill-suited for digital asset trading platforms, and the lack of clarity provided by the SEC as to what digital assets are considered securities limits what an NSE can list.