Sen. Bill Hagerty previewed the lawmaker ire in store for U.S. Securities and Exchange Commission Chair Gary Gensler as Congress returns from its summer break, with Hagerty accusing the regulator of stomping on crypto innovation during a speech on Thursday.
that the Democrat-controlled panel should be scheduling more hearings to specifically examine what Gensler and SEC are doing to the U.S. crypto sector.basic guardrails for stablecoins Hagerty said that Gensler’s adversarial relationship with crypto “is damaging the industry,” though he also criticized U.S. banking regulators for creating an atmosphere among banks that makes them wary of crypto connections.
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