United States Securities and Exchange Commission (SEC) has recently increased its pressure on the cryptocurrency industry. This too bitcoin And cryptocurrencyhas a negative impact on them.
In the face of the SEC’s attitude towards cryptocurrencies, the US Congress is also working on regulating cryptocurrencies.
In this context BTC and Patrick McHenry, chairman of the Financial Services Committee, who is a supporter of crypto. SEC Chairman Gary Genslerannounced that he will testify before the House of Representatives Financial Services Committee for the first time.
Confirming that Gensler will testify in an interview Patrick McHenryHe said Gensler will have to face questions from Congress about his approach to cryptocurrencies on April 18.
Patrick McHnery made the following statements in his interview:
“This testimony by Gensler will be the SEC’s first surveillance hearing.
The hearing will focus on Gensler’s rulemaking and approach to cryptoassets.
The House Financial Services Committee will have broad overall control over the SEC and will take a serious approach to “setting a regulatory space for digital assets.”
As is known, US regulators SEC and CFTChas toughened its stance towards cryptocurrencies even more since the beginning of 2023. In this context, it has sent warnings to many crypto companies, including Coinbase and BUSD.
Finally, the CFTC is the world’s largest cryptocurrency exchange. to Binance sued.
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