Congressmen Emmer and McHenry come after SEC, Gensler for labeling airdrops as securities

US Congressmen Tom Emmer and Patrick McHenry have had enough of the SEC’s approach to blockchain regulation, particularly its opinion on airdrops. In a pointed letter addressed to SEC Chair Gary Gensler, they question the logic behind the agency’s decision to label digital asset airdrops as securities. Airdrops, typically free distributions of tokens to early

Source: Cryptopolitan