Gensler also faced barrage of criticism for SEC's rulemaking pace
, a Fox Business correspondent, offered some takeaways from the session, noting that cryptocurrency was only a minor fraction of the questioning compared to past House hearings, where it was a major focus.
Gensler also faced a barrage of criticism for the SEC's rulemaking pace and duration of comment periods. Bloomberg analyst James Seyffart reacted by posting a screenshot of the crypto section of the SEC chair's testimony, saying,"Here's the crypto section of Gensler's written testimony for today. Basically says nothing. The final sentence is this: While I'm happy to discuss the SEC's work, I will not be able to comment on any active, ongoing litigation.", SEC Chair Gary Gensler remains adamant in his belief that crypto trading platforms should adhere to rigorous U.S.
"While I’m happy to discuss the SEC’s work, I will not be able to comment on any active, ongoing litigation."
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