Democrats and Republicans were split on the SEC's handling of crypto enforcement actions, sparring over recent court cases during a hearing.
Democrats and Republicans were split on the Sec urities and Exchange Commission's handling of crypto enforcement actions during a hearing on Tuesday, sparring over recent court cases and agency guidance.
SEC Chair Gary Gensler has said that he believes most cryptocurrencies are securities and has urged crypto firms to register with the agency. The SEC has brought major cases against large platforms, including Coinbase and Binance, and has over the past few weeks sent out a trio of Wells Notices to crypto-related entities such as Robinhood Crypto, Consensys and Uniswap. Meanwhile, some in the crypto industry have called for clearer rules and have pushed back, filing lawsuits against the agency.
A month later, two of the SEC's lawyers heading the DEBT Box case resigned. The SEC was planning to fire the two if they didn't step down, according to Bloomberg.
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