Wow! Patrick McHenry, chairman of the U.S. House Financial Services Committee, and Tom Emmer, the House Majority Whip, wrote to SEC Chairman Gary Gensler on Tuesday!

They accused the agency of manipulation and urged it to clarify its approach to cryptocurrency airdrops. The letter said the SEC is manipulating regulation and preventing American citizens from shaping the next generation of the Internet by creating a hostile regulatory environment, making assertions about airdrops in various cases, and constantly warning of more enforcement actions!

The lawmakers also cited cases where the SEC has addressed airdrop issues, such as the one against Tron founder Justin Sun. The agency said in a footnote to its 2019 "Framework for the Analysis of 'Investment Contracts' for Digital Assets" that airdrops can be considered "sales or distributions of securities." Emmer and McHenry said developers are forced to prevent Americans from receiving cryptocurrencies in airdrops! Emmer and McHenry also wrote that the SEC is preventing cryptocurrency users from fully benefiting from blockchain technology by prohibiting Americans from participating in airdrops.

The two asked Gensler a number of questions, including how the agency plans to distinguish between airdrops and airline miles or credit card points. They want Gensler to respond by September 30. #币安上线NEIRO