SEC Chair Gary Gensler Takes Heat From Lawmakers Over Crypto Crackdown



Gary Gensler, chairman of the SEC, faced sharp criticism from members of the House Financial Services Committee during a hearing. Patrick McHenry accused Gensler of causing confusion and damage with his actions, while Rep. Tom Emmer accused him of favoring big businesses and consolidating his own power. However, Maxine Waters praised Gensler's actions in shutting down crypto firms and protecting investors.
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