Gary Gensler takes more heat from Republicans on the House Financial Services Committee.
from March — push for expanded definitions of terms that appear in the 1934 Securities Exchange Act. In general, the rulemakings seem to require crypto exchanges to register with the SEC as exchanges and market makers to register with the SEC as broker-dealers."The SEC fails to identify the problem that the rulemakings are intended to solve, particularly as it relates to requiring certain market participants facilitating digital asset transactions to register with the SEC.
McHenry and Huizenga both sit on the House Financial Services Committee, with McHenry serving as the top-ranking Republican on the overall committee. Several of their colleaguesEarlier this month, Gensler
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