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Lawmakers to grill SEC Chair Gensler on crypto during Senate hearing
Lawmakers, frustrated by a lack of obvious progress, will grill Securities and Exchange Commission Chairman Gary Gensler over the regulator’s plans to regulate cryptocurrency markets. Gensler, scheduled to appear before the Senate Banking Committee at 10 a.m. ET on Tuesday, is expected to field several questions on bitcoin, stablecoins and other digital assets from senators on both sides of the political aisle. Ahead of the hearing, Wall Street’s top regulator said swaths of the crypto market are operating outside of the SEC’s regulatory frameworks that shield investors and customers from illicit activity. ... (full story)