As with most congressional hearings, the event was largely about making political points and grandstanding for the cameras. But it felt significant in that it revealed the scale of Republican dissatisfaction with Genslerโs administration, suggested several points that are likely to become campaign platforms, and publicly weakened the S.E.C. chairโs credibility. That, in turn, could prompt some modifications to the agencyโs approach.
After SEC Chair Gary Gensler’s House Testimony, Why the Politics of Crypto Feels Different This Time
