š SEC Challenged: Former SEC Officials Will Reveal the Inside Story of Cryptocurrency Regulation at Hearing!
Recently, the United States is about to have a heavyweight congressional hearing, which may become a turning point for cryptocurrency regulation!
On September 18, former executives of the U.S. Securities and Exchange Commission (SEC) will stand up and accuse the SEC of its policies on cryptocurrencies.
The theme of this hearing is "Dazed and Confused, in Order to Break the SEC's Politicized Approach to Digital Assets", and it is obvious that this is to dig deep into the controversial practices of the SEC under the leadership of Gary Gensler.
Witnesses at the hearing include former SEC Commissioner Dan Gallagher and Michael Liftik, Deputy Chief of Staff to former SEC Chairman Mary Jo White. Gallagher is now the Chief Legal Officer of Robinhood Markets, while Liftik is a partner at a well-known law firm. Their testimony may give us a glimpse into the decision-making process within the SEC.
In recent years, the SEC's enforcement actions against cryptocurrency companies have continued to increase, and critics have accused the SEC of relying on the "enforcement supervision" approach. This approach has left many companies struggling in an environment of unclear regulation and has also frustrated and confused the crypto community.
Meanwhile, the leadership of the current SEC chairman, Gensler, has also been questioned. House Republicans are blaming and investigating the SEC's enforcement practices, a move that could affect the agency's independence.
In summary, this hearing could change the way cryptocurrencies are regulated in the United States. Gensler's regulatory style and the SEC's attitude toward digital assets are under scrutiny, and testimony at the hearing could bring us new regulatory perspectives.
š¬ What do you think of this upcoming hearing? Do you think it's good news for the market and will point the way for future regulatory paths for cryptocurrencies? Share your thoughts in the comments!
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