**Crypto Airdrops Under Fire: Lawmakers Demand Answers from SEC Chair Gensler**
- Two Republican lawmakers, Tom Emmer and Patrick McHenry, are grilling SEC Chair Gary Gensler over the classification of crypto airdrops. đ§
- The SEC has labeled airdrops as "unregistered offers and sales of securities," sparking concerns about stifling innovation.
- Emmer and McHenry argue that the SEC's stance could hinder the growth of blockchain technology and decentralization.
- Theyâve asked Gensler to clarify how free crypto fits under the Howey test and its impact on the market.
- Stay tuned for Gensler's response by Sept. 30!