Sen. Bill Hagerty previewed the entire lawmaker ire in the store for the United States of Security and the exchange commissions char Gary Gensler. After the congress returned from the summer breaks Hagerty accused the regulators of stomping the crypto innovations in his speech of Thursday.
He and the other senators of the Senate Banking Committees will get their chances to question Gensler next week when he will going to appear for the routine SEC hearing overnight on September 12.
Hagerty said
“It is a terrible environment,”
“For those companies who are trying to invest and expand, it’s forcing them to look overseas to more favorable regulatory environments. That’s not where we need to be right now.”
“is damaging the industry,”
He also criticizes the US banking regulations for creating an ambiance where banks are making people wary of the crypto connections. He entirely declined the guess which of the ongoing crypto legislative efforts.
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