US Lawmakers Demand Answers From Gary Gensler on SEC’s Position That Crypto Airdrops Are Securities Transactions

Two crypto-friendly US lawmakers want U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to clarify the regulator’s position on airdrops. In a public letter sent to Gensler this week, Representatives Patrick McHenry (R-North Carolina) and Tom Emmer (R-Minnesota) argue that the SEC’s regulatory approach inhibits decentralization in the crypto space. “By creating a hostile […] source: https://dailyhodl.com/2024/09/19/us-lawmakers-demand-answers-from-gary-gensler-on-secs-position-that-crypto-airdrops-are-securities-transactions/