Rep. Patrick McHenry to U.S. SEC: Which Crypto Exchanges Have Tried to Register?

Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee that oversees the SEC, sent a letter this week to SEC Chair Gary Gensler complaining that an earlier April 26 request had been rebuffed. The letters, also signed by Rep. Bill Huizenga (R-Mich.), coincided with recent hearings – including one on May 10 – in which Republican lawmakers criticized the agency for trying to hold the crypto industry to existing securities regulations.

“While you have stated that digital asset intermediaries such as exchanges should ‘come in and register,’ you have refused to establish rules with which digital asset trading platforms and other intermediaries can comply,” the lawmakers wrote in the April letter, which asked for a list of companies that have met with SEC officials to discuss registration.

Source: Rep. Patrick McHenry to U.S. SEC: Which Crypto Exchanges Have Tried to Register?