According to CoinDesk, Securities and Exchange Commission (SEC) Chairman Gary Gensler attended a hearing at the U.S. House of Representatives Financial Services Committee and made remarks that some perceived as critical of cryptocurrency. During the hearing, he reportedly avoided or remained silent when lawmakers asked him about the potential launch of a Bitcoin spot ETF and his views on the ongoing lawsuit involving Ripple (XRP).

Additionally, Chairman Gensler expressed concerns about the cryptocurrency space, suggesting that it may require congressional intervention to address certain issues. His remarks appear to highlight the regulatory challenges and complexities surrounding cryptocurrencies and the SEC's role in overseeing this rapidly evolving industry. Cryptocurrency regulation and policy have been subjects of extensive discussion and debate in the United States and around the world. 🏛️🪙 #SEC #CryptocurrencyRegulation #CryptoNews