And at the end of it all, after dealing with several more non-answers from Gensler,

an exasperated ogles closed the hearing with the call to,

open up the floodgates, hit him with subpoenas, get the information we need.

The obfuscation, the not answering questions, I'm sick and tired of it.

Dude, you wear tap dancing shoes better than Fred Astaire, and enough is enough.

It's time that questions are answered and that we have the information that we need.

Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Thursday, September 28th, and today we are talking about Gensler's combative hearing. Before we get into that, however, if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into

the conversation, come join us on the breakers discord. You can find a link of the show notes or go to bit.ly slash breakdown pod.

Well, friends, we had yesterday another hearing featuring SEC chair Gary Gensler.

This was a House Financial Services Committee Oversight Hearing.

And what makes this one a little bit more interesting even than the Senate hearing that we

heard last week is one, it had some interesting lead in, in the fact that a bipartisan group had just sent

Gary Gensler a letter encouraging him in the strongest possible language to approve a Bitcoin

spot ETF, and two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got.

Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks.

He addressed Gensler saying, last time you were before the committee, I voiced my concerns regarding

your reckless approach to rulemaking, lack of capital formation agenda, crusade against the

digital asset ecosystem, and unresponsiveness to Congress. So many things change, so many things

remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler

of doing nothing over the past five months to, quote, remedy the legitimate and often

...