The SEC’s approach towards NFTs, plaintiffs argue, “has the potential to bleed into the traditional arka and collectibles markets in an unprecedented and boundless manner.”
The New York judge overseeing the SEC’s case against Coinbase said the crypto exchange’s attempts to subpoena Gensler’s personal devices were surprising – “and not in a good way.”
Crypto wasn't a major topic in a four-person confirmation hearing before the Senate Banking Committee, though SEC Commissioner Crenshaw was questioned on bitcoin ETFs.