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SEC Chair Gary Gensler Slammed By Lawmakers For Handling Of Crypto Case: ‘Unethical And Unprofessional’

Published by
Benzinga

A group of U.S. senators criticized the Securities and Exchange Commission over its handling of a cryptocurrency-related case, raising questions about the regulator’s broader enforcement practices. What Happened: The senators on the Senate Banking Committee, including J.D. Vance (R-Ohio) and Cynthia Lummis (R-Wyo.), have expressed concerns in a letter to Chair Gary Gensler about the SEC’s conduct in a lawsuit against the blockchain project DEBT Box, reported CoinDesk. The SEC’s lawyers were accused of misrepresenting evidence in court, leading to the freezing of DEBT Box’s assets. The letter, …

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