<ul><li>SEC Chair Gary Gensler faced criticism from lawmakers and agency members during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.</li><li>US Representative Tom Emmer referred to Gensler as the most 'destructive' and 'lawless' SEC chair in history.</li><li>Emmer criticized Gensler for creating the term 'crypto asset security' without any statutory basis and for initiating an enforcement crusade against the crypto industry based on this term.</li><li>SEC lawyers recently retracted the term in a court footnote, undermining Gensler's previous use of it.</li></ul>

US representative criticizes Gensler as most ‘destructive’ SEC chair during hearing

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