US Senator: Government agencies should answer questions about the crypto law.

The United States Securities and Exchange Commission (SEC) faces pressure from senators and stakeholders over spending to encourage Congress to comply with US laws and regulations as soon as possible. .

Senator Pat Toomey presented the objections of the United States Securities and Exchange Commission (SEC) and the United States Senate Banking Committee..

On December 3, Tumi answered questions from SEC Chairman Gary Gensler about crypto governance.

According to the report, the senator "declared a shock". “To ensure that investors can benefit from the level of performance, government agencies need to answer questions such as whether new technologies comply with the rules. Now what if this new technology will take its time right now. Request.

He stressed: "President Gensler has not granted specific rights to Crypto and it is necessary for Congress to do so."

“President Gensler did not respond to where crypto was considered safe and which was considered a commodity by the SEC,” Toomey added. "Some issues are not addressed at all."

Joining the finance committee in September, Gensler filed a complaint with Toomey and asked 25 questions, including Crypto rules, tokens and security inconsistencies, exceptions, ETF policy, and more.

Responding to one of the questions, Gensler said, “I cannot comment on a particular Crypto tool or project, but I personally agree with the view of the previous SEC. Chairman Jay Clayton, who attends at the 2018 conference.The digital assets involved in IXO are, to a certain extent, secure, and we have judgment on these assets and are subject to federal law."

Gensler also said, “Congress could bring the Bitcoin market under the protection of US laws, which could help us think about Bitcoin ETPs. "

Twomay was not Gensler's only writer. Congressman Tom Emmer also expressed frustration with the SEC's stance on another controversial issue: the Bitcoin space ETF.

The majority vote should allow the SEC to bring both futures and exchange-traded funds (ETFs) out of the fintech market, but now lawmakers have joined the ranks..

On December 4th, Emmer tweeted: “@GaryGensler, I'm waiting for your response to the November 3rd form. The document asks you to know why Bitcoin Futures ETF trading is allowed but Bitcoin Spot no. ETF trading.