**Crypto Airdrops Under Scrutiny: Lawmakers Demand Answers from SEC Chair**

Two Republican lawmakers, Rep. Tom Emmer and House Financial Services Committee Chairman Patrick McHenry, are pressing SEC Chair Gary Gensler for clarity on the classification of crypto airdrops. In a letter dated Sept. 17, they expressed concerns over the SEC's stance on airdrops, citing lawsuits against Hydrogen Technology and Justin Sun as examples.

Key points:

- The SEC has labeled some airdrops as "unregistered securities."

- Lawmakers worry this could stifle blockchain innovation.

- They demand answers by Sept. 30 on how airdrops fit under the Howey test and their economic impact.

This marks the second recent challenge to Gensler's leadership, following GOP queries about political bias in SEC hiring practices. The SEC has yet to comment.