House Republicans are growing tired of SEC Chairman Gary Gensler's antics over internal documents requested by Congress intended to shed light on the agency's goals.
Committee members also have been critical of Gensler’s foray into crypto regulation; they believe his enforcement crackdown against companies such as Ripple Labs and Coinbase is forcing digital asset innovation overseas. They also point out that while Gensler was focusing on marginal enforcement actions, his agency
"To date, your responses to our requests have been wholly inadequate," the letter states. "It is inconceivable to us that a nearly 5,000-person agency with nearly 150 attorneys in its General Counsel’s office and more than 200 employees in the IT department is struggling to process three requests from Congress in a timely and responsive manner.
Representative Patrick McHenry attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS
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