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 Gensler’s administration, suggested several points that are likely to become campaign platforms, and publicly weakened the S.E.C. chair’s credibility. That, in turn, could prompt some modifications to the agency’s approach.
After SEC Chair Gary Gensler’s House Testimony, Why the Politics of Crypto Feels Different This Time
