House GOP Criticizes SEC Chair Gensler's Regulatory Agenda and Rulemaking.

SEC Chair Gary Gensler defended the agency's regulatory agenda during a contentious hearing before the House Financial Services Committee as Republicans accused him of overreaching. The hearing largely focused on cryptocurrencies and climate change disclosure rules. Gensler reiterated that the vast majority of crypto tokens are securities and signaled he intends to continue pushing more enforcement action against crypto firms. He also warned of the impact on capital markets if the US failed to raise the nation's borrowing limit.