We were concerned in March that @GaryGensler was taking an indiscriminate and inconsistent approach to oversight of the crypto community.
My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation.
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We are even more concerned now as we've seen his strategy miss Celsius, Voyager, Terra/Luna-- and now FTX.
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Congress shouldn't have to learn the details about the SEC's oversight agenda through planted stories in progressive publications and we look forward to @GaryGensler's public testimony before the @FinancialCmte.

Nov 25, 2022 · 10:48 PM UTC

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