Fox Business reporter Eleanor Terrett has reported that all five SEC commissioners are scheduled to testify before the U.S. House Committee on Financial Services next Tuesday.
SEC Chairman Gary Gensler is set to appear the following day.
Gensler has faced significant criticism from both the cryptocurrency sector and some crypto-friendly lawmakers for the SEC’s stringent “regulation by enforcement” strategy.
Under his leadership, the SEC has taken aggressive actions against major crypto firms like Coinbase and Binance.
[reamdore id=”137393″]Critics, including Ripple CEO Brad Garlinghouse, argue that this approach stifles innovation in the U.S. and encourages companies to move to more crypto-friendly regions.
Earlier this year, Gensler was scrutinized by the House Financial Services Committee for failing to clarify the legal status of Ethereum, with Rep. Patrick McHenry accusing him of misleading Congress. Additionally, Republican lawmakers have initiated an investigation into Gensler for alleged misuse of funds.
Jonathan Mann, the creator behind the long-running “Song A Day” project, has turned his crypto misfortune into a musical cautionary tale.
Elon Musk’s financial standing has taken a major hit, with his net worth shrinking by $70 billion since his public fallout with Donald Trump.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.