SEC’s Gensler urges against crypto bill adoption ahead of vote, The Block says

U.S. Securities and Exchange Commissioner Gary Gensler urged the U.S. House of Representatives not to adopt a bill that looks to revamp the legal framework for digital currencies, reports Danny Park for The Block. Gensler said statement released Wednesday, The FIT21 Act “would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk,” according to a story reported by The Block. Companies that may be impacted by this include: Coinbase (COIN), Greenidge Generat (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital (SDIG) TeraWulf (WULF), Block (SQ),Mawson Infrastructure (MIGI) Iris Energy (IREN).