Regulation
Gensler Asserts SEC Authority Over Crypto as Opponents Waver
- Campaigns, Democrats pose hurdles to GOP bids to rein him in
- One bill would put curbs on SEC’s sway over asset class
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Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him.
The tide was supposed to turn when Republicans gained control over the House last November. Finally, the thinking went, there would be restraints on the SEC chief.