US House lawmakers will hear from a former SEC commissioner and crypto industry leaders at their “Dazed and Confused” digital assets hearing on Sept. 18.
Two former staff members from the United States Securities and Exchange Commission (SEC) will testify at a Sept. 18 hearing on the politicization of crypto regulation.
In a Sept. 13 notice, the US House Subcommittee on Digital Assets, Financial Technology and Inclusion said they would hold a hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets.” The witnesses at the Sept. 18 hearing will include former SEC commissioner Dan Gallagher and Michael Liftik, who worked as an attorney, senior adviser, and acting enforcement chief for roughly ten years at the commission.
The subcommittee leadership claimed that SEC Gary Gensler had “prioritized and pursued an enforcement and regulatory agenda to the detriment of the digital asset ecosystem” during his time at the commission. They cited inconsistencies with Gensler’s position on digital assets as securities under the Howey test and disagreements among commissioners.
