Republican Congressman Demands Clarity From the SEC on Crypto Regulation

Posted on by American Coins & Gold

Republican Congressman Demands Clarity From the SEC on Crypto Regulation
Rep. Patrick McHenry (R-N.C.), the top Republican on the House Financial Services Committee, is urging the U.S. Securities and Exchange Commission (SEC) to provide clarity and consistency in its plans for crypto regulation.In a letter to SEC Chairman Gary Gensler on Tuesday, McHenry laid out a timeline of Gensler’s public statements on the SEC’s role in the regulation of crypto exchanges and stablecoins, which he describes as “concerning and apparently self-contradicting.”McHenry’s letter to Gensler comes hours in advance of the committee’s oversight hearing of the SEC, during which several committee members are expected to ask Gensler about crypto regulation.Crypto has…