SEC Chair Gary Gensler is facing threats of compulsory process if the agency does not comply with oversight requests from the House Committee on Oversight and Accountability by October 19. Chairman James Comer accused the SEC of obstruction and demanded full cooperation, warning of forced compliance if all requested documents are not provided. The letter alleges that the SEC has been delaying and blocking access to records requested by the Committee, contradicting the agency’s commitment to transparency and disclosure. Chairman Comer cited Section 24 of the Securities Exchange Act, which the SEC has used to justify withholding information, but argued that this rationale contradicts the statute. He concluded the letter by demanding fully responsive documents by October 19, or else the Committee would consider compulsory measures. This dispute between the House Committee and the SEC may set a precedent for the limits of congressional investigations and executive privilege, which could impact future decisions related to digital assets.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | |
| Sentiment | negative |
| Relevance Score | 1 |
| People | Gary Gensler, James Comer |
| Companies | House Committee on Oversight and Accountability, SEC |
| Currencies | None |
| Securities | None |
