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.
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.
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.
