Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto

Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto


U.S. crypto legislation will depend on Sen. Sherrod Brown, who amplified his view Tuesday that he sees the industry as jammed with fraudsters and abuse. Securities and Exchange Commission Chair Gary Gensler – a Wall Street native – characterized the crypto sector as demonstrating the worst behavior he’s ever seen.

While U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat at a Senate hearing on Tuesday, the most important crypto sentiments may have come from Sen. Sherrod Brown (D-Ohio), who tarred much of the industry as dangerous fraudsters.

“The problems we saw at FTX are everywhere in

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