The House Financial Services Committee will host SEC Chair Gary Gensler Tuesday morning to discuss the agency’s response to crypto regulation, investor protection and security classification.
Committee Republicans, led by Chair Patrick McHenry, R-N.C., are expected to grill Gensler, especially when it comes to the agency’s agenda and crypto-related enforcement actions. Many have already taken to social media to express how relentless their questioning will be.
Rep. Warren Davidson, R-Ohio, said last week he would be introducing legislation to remove Gensler from his current post, opting instead to replace the role of chair with an “Executive Director,” who must answer to a board.
Reps. McHenry and Ann Wagner, also a Financial Services Committee member, also last week submitted a letter to Gensler, criticizing his agenda and accusing the SEC head of ignoring his responsibilities to investors.
The hearing is set to kick off at 10 am ET and can be live streamed here.
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Source: https://blockworks.co/news/gensler-house-financial-services-committee