U.S. SEC chair Gary Genser has appeared before the House Financial Services Committee in a hearing titled “Oversight of the Securities and Exchange Commission." A hearing memo issued by the Committee on Financial Services Staff on September 19th revealed that the financial watchdog has not clearly defined digital assets as securities.

Hester Peirce admits SEC’s flawed crypto regulation approach, as Congress scrutinizes Gary Gensler’s enforcement actions.

Depending on whom you ask, the SEC’s oversight of digital assets has been either overreaching or underwhelming. Today, the House Financial Services Committee took the regulator’s boss to task.

Chair Gary Gensler, calling him the most “lawless” and “destructive” Chair in the regulator’s history. “Your inconsistencies on this issue have set this country back,” Emmer said to Gensler at a Sept.