The latest reports in the industry suggest that all five SEC Commissioners will testify before the House Financial Services Committee next week. This development comes at a time when the SEC chair Gary Gensler has been facing a probe for illegal hiring at the agency. With the SEC launching an investigation into the ETH security status, market analysts are curious about whether this debate will prop up again next week.
All SEC Commissioners to Testify
Fox Business journalist Eleanor Terret was the first to report that the entire SEC commission will testify next week, rather than just the chair. This is the first time in five years since 2019 that all five SEC Commissioners will appear before the House Financial Services Committee. Additionally, SEC Chair Gary Gensler will testify separately next Wednesday.
Reports from the last week suggest that Gary Gensler broke federal law while tampering with hiring practices and factoring political leanings into the recruitment process at the SEC.
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