On September 18, senior Republican lawmakers in the U.S. House of Representatives said they wanted clarity on how the U.S. Securities and Exchange Commission (SEC) views airdrops in the crypto industry.
In a letter to SEC Chairman Gary Gensler on Tuesday, House Financial Services Committee Chairman Patrick McHenry of North Carolina and House Majority Whip Tom Emmer of Minnesota accused the SEC of "putting its finger on the scale."
“By creating a hostile regulatory environment, including by opining on airdrops in various cases and increasing warnings of further enforcement action, the SEC is ‘putting its finger on the scales’ and preventing American citizens from shaping the next version of the internet,” they wrote. (The Block)
