EddieJayonCrypto
18 Sep 24
US lawmakers, including House Majority Whip Tom Emmer and House Financial Services Committee Chairman Patrick McHenry, have criticized SEC Chair Gary Gensler over the classification of crypto airdrops as securities. In a formal letter, they questioned the SEC's approach, expressing concerns about st...
US lawmakers, including House Majority Whip Tom Emmer and House Financial Services Committee Chairman Patrick McHenry, have criticized SEC Chair Gary Gensler over the classification of crypto airdrops as securities. In a formal letter, they questioned the SEC's approach, expressing concerns about stifling blockchain growth and creating a hostile regulatory environment. The lawmakers raised questions about the economic impact and requested clarification on the SEC's interpretation of securities law in relation to airdrops. The letter highlights the role of airdrops in the blockchain ecosystem and criticizes the SEC under Gensler's leadership for stifling the growth of blockchain by creating a "hostile regulatory environment." The lawmakers argue that the SEC's actions are making "the goal of decentralization impossible to obtain" and preventing the technology from reaching its full potential. The letter also poses pointed questions to Gary Gensler, seeking clarification on the SEC's interpretation of securities law in relation to airdrops. It compares crypto asset airdrops to other forms of consumer rewards and raises concerns about the potential impact of classifying digital tokens as securities on the broader blockchain ecosystem. Emmer and McHenry requested a response from Gensler by September 30, 2024, as the agency gears up for a September 18 congressional hearing on political bias in crypto regulation.
More about C3 Ai Inc
Stock Summary: C3 Ai Inc (C3)
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $2,957,328,000
Dividend Yield: None
EPS: -2.28
P/E Ratio: 2.674
ROE: -0.855
Volume: 325,433,000
Stock Price: $25.11
52-Week Range: $0 - $0.205