ChainCatcher news, according to Ibtimes, the U.S. House Financial Services Committee will hold a hearing titled "Oversight of the SEC" on September 24, with SEC Chairman Gary Gensler in attendance to testify. Tomorrow, he will appear alone at a Senate hearing. After the announcement of Gensler's attendance, many users in the crypto community expressed criticism and dissatisfaction.NFT collector Medic Matt stated that attending the congressional hearing would be "a great opportunity for resignation," with some community members calling for Gensler to hand over the SEC chairmanship to someone more capable. Cryptocurrency researcher Anderson predicted that Gensler would "not answer any questions and just waste everyone's time." Anderson noted that during a hearing in 2023, Gensler repeatedly refused to answer lawmakers' questions about whether Ethereum is classified as a security or a commodity.Cryptocurrency YouTuber James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately destroying the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban stated that the SEC should be shut down. He urged Gensler: "Resign now, before you get fired by Trump later."Previously, Republican presidential candidate Donald Trump stated that if elected in November, he would fire SEC Chairman Gary Gensler on his first day in office. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry, as more and more Republican politicians have acknowledged the rapid growth of the industry.

ChainCatcher news, according to Cointelegraph, former Tornado Cash developers have been charged with money laundering, violating sanctions, and operating an unlicensed remittance business, with one person already convicted and imprisoned. Tornado Cash co-founder Roman Storm and developer Alexey Pertsev were arrested, and the crypto community established JusticeDAO to raise funds for their legal defense.Through the decentralized platform Juicebox's "Free Alexey & Roman" fundraising campaign, JusticeDAO has raised 654 ETH (approximately $2.3 million). Ethereum co-founder Vitalik Buterin has also made significant contributions to the fund.Despite community support, the founders of Tornado Cash still face serious charges. The U.S. Treasury Department alleges that Tornado Cash was used to launder over $7 billion, with Storm and Roman Semenov charged with money laundering and violating sanctions. In May 2024, a Dutch court found developer Pertsev guilty of money laundering, sentencing him to five years and four months in prison.

ChainCatcher news, FTX CEO SBF and ShapeShift CEO Eric Voorhees shared topics related to regulatory policies on a podcast hosted by Bankless. SBF stated that he supports increased regulation and scrutiny of Stablecoins. This mainly targets the auditing of Stablecoins to determine whether they are backed by fiat or any other assets. Eric Voorhees, on the other hand, believes that DeFi is inherently transparent. Furthermore, it is not just traditional finance, and regulators should acknowledge this.Additionally, after the debate, SBF expressed on social media that he hopes the crypto Twitter community can carefully consider all the details of potential bills and policy proposals, and that the crypto Twitter community can correctly understand the details of policy-making, negotiations, and alliances in Washington, D.C. SBF stated that he would not oppose the crypto community's strategies regarding regulation, even though he personally believes this may not be the most effective way to achieve the goals. (Source link)