SEC Chair Gary Gensler Slammed for Inhibiting Crypto

United States Representative Tom Emmer criticized Securities and Exchange Commission Chair Gary Gensler during a congressional hearing, labeling him the most “destructive” and “lawless” chair in the regulator’s 90-year history. “You’ve made up the term crypto asset security. This term is nowhere to be found in statute; you made it up [and] you never provided any interpretive guidance on how crypto asset security might be defined within the walls of your SEC,” Emmer stated before the House Financial Services Committee on Sept. 24. He argued that this term formed the foundation of Gensler’s “enforcement crusade” against the crypto industry over