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Gensler made the statements during a June 5 interview on CNBC in response to Jim Cramer's questions about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum.
Assad Jafri 3 min read 
The lawmakers argued Gambaryan is being held as part of a coercion tactic by the Nigerian government to extort Binance.
Hougan said the US political landscape regarding crypto has changed significantly toward a more positive stance in recent weeks.
Meanwhile, SEC Commissioner Mark Uyeda has called for SAB 121 to be withdrawn.
Armstrong made the statement in a June 3 blog post titled "How to get regulatory clarity for crypto."
The Biden administration said the resolution would have hampered the SEC's ability to set guardrails and address issues.
The lawmakers called on President Biden to either sign the resolution into law or collaborate with the SEC to revoke the guidance.
Securitize CEO Carlos Domingo confirmed he would testify at the hearing on May 31 following speculation on social media.
Coinbase filed its closing brief on May 31, slamming the SEC for its refusal to provide regulatory clarity for the digital asset industry.
