SEC Chairman Gary Gensler to Testify at House Financial Services Committee Hearing

According to BlockBeats, on September 24, SEC Chairman Gary Gensler, along with his fellow commissioners, will testify at a hearing held by the House Financial Services Committee. The hearing, titled 'Oversight of the Securities and Exchange Commission,' will address several legislative proposals. The legislative agenda includes HR 9578, known as the 'Digital Global and Electronic (BRIDGE) Digital Asset Regulation and Innovation Act.' Additionally, the hearing will discuss the requirement for the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to conduct studies to assess the need for additional guidance or rules to facilitate the development of tokenized securities and derivatives, among other purposes. Other legislative items on the agenda include the 'New Frontier Technology (NFT) Act' and proposed amendments to the Securities Exchange Act of 1934. These amendments aim to exclude decentralized finance activities from the Act and serve other purposes. The hearing is scheduled to take place at 10:00 AM local time in Room 2128 of the Rayburn House Office Building.