Crypto Regulatory Turmoil: SEC Asserts Authority, Republicans Struggle To Respond

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U.S. Securities and Exchange Commission chief Gary Gensler is taking the lead in regulating the crypto industry, while Republicans have yet to propose any restraints on his authority. With the 2024 campaign season approaching, and Democrats controlling the Senate, time is running out for GOP lawmakers to formalize their proposals. Ron Hammond of the Blockchain Association acknowledges the Senate as a significant hurdle for potential legislation, Bloomberg reported. See Also: Dubai’s BitOasis Stumbles As VARA Halts Its Operational License Over Regulatory Non-Compliance Despite legal challenges,…

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