**Crypto Regulation Under Fire: Former SEC Officials to Testify**

Mark your calendars for September 18! The US House Subcommittee on Digital Assets, Financial Technology, and Inclusion is holding a hearing titled "Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets."

**Who's Testifying?**

- Former SEC commissioner Dan Gallagher

- Michael Liftik, ex-SEC attorney and senior adviser

- Bitwise President Teddy Fusaro

- Duke University’s Lee Reiners

- Jennifer Schulp from the Center for Monetary and Financial Alternatives

**What's the Issue?**

The subcommittee claims SEC Chair Gary Gensler has been inconsistent and overly aggressive in regulating digital assets, allegedly harming the crypto ecosystem. Schulp argues Gensler's approach is nearly a ban on crypto in the US, leaving major assets like Ether in regulatory limbo.

**Political Drama**

House Republicans accuse the SEC of politically biased hiring. Gensler, appointed by President Biden, has faced criticism from both sides, with calls for his resignation if a new president takes office in 2025.

Stay tuned for more updates on this developing story!