GOP and Virtu CEO criticize SEC's Gensler for crypto crackdown and trading reforms.
TL;DR Summary
SEC Chair Gary Gensler defended his agency's crackdown on cryptocurrency markets, stating that he had never seen an industry so routinely break securities laws. During a five-hour hearing before the House Financial Services Committee, Gensler said that he had been around finance for 40 years and had never seen a field that is so noncompliant with laws written by Congress and confirmed over and over again by the courts.
Topics:business#cryptocurrency#finance#gary-gensler#house-financial-services-committee#sec#securities-laws
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