SEC Chair Gary Gensler to testify before Congress twice this September

Securities and Exchange Commission (SEC) Chairman Gary Gensler is poised to testify before Congress twice this September — once before the Senate Banking Committee on September 12th and later the House Financial Services Committee on September 27th — according to reporting by Fox Business correspondent Eleanor Terrett.

These scheduled appearances follow a series of criticisms and accusations at Gensler from lawmakers, particularly Republicans. Rep. Patrick McHenry, ranking member of the House Financial Services Committee, has criticized Gensler’s approach to digital asset regulation as overly aggressive, especially given the lack of explicit cryptocurrency guidelines indicating which digital assets fall under SEC’s jurisdiction. McHenry and others have expressed concern over the nature of the SEC’s regulatory approach, which they argue prioritizes enforcement over explicit guideline provision.