📰 Patrick McHenry, chairman of the U.S. House Financial Services Committee, and Tom Emmer, majority whip, wrote to SEC Chairman Gary Gensler, accusing the SEC of "manipulative" regulation of cryptocurrency airdrops. They believe that the SEC's hostile environment hinders American citizens from participating in the next generation of blockchain technology.

The lawmakers cited cases such as the SEC's targeting of Tron founder Justin Sun, arguing that developers were forced to prevent Americans from receiving airdrops. The two asked Gensler to clarify the difference between airdrops and airline miles or credit card points and respond by September 30.

What do you think of the SEC's regulatory attitude? See you in the comments! 💬