Gensler Is Driving Crypto to Communist China, Says Republican Congressman

Republican lawmakers didn’t hold back on Tuesday against U.S. Securities and Exchange Chairman Gary Gensler’s crypto regulation policy.

Highlights

Republican lawmakers slammed U.S.
Securities and Exchange Chairman Gary Gensler’s approach to regulating the crypto world on Tuesday.
Regulator hinted that the fast-moving digital asset industry was hard to keep up with at a hearing in front of the GOP-controlled House Financial Services Committee.
Some lawmakers slammed the regulator for not being clearer with his rulemaking.
Many claim that the regulator is overstepping its authority and stifling innovation in the industry.
The regulator today responded by saying he could use more manpower to regulate the crypto market.

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