SNEAK PEAK: Gensler's Chief of Staff Prepares Remarks for Democrat CLARITY Act Hearing
Amanda Fischer has been feuding with crypto Twitter for months. Her testimony is set to be even more fiery than her tweets.
Most of the crypto industry won’t be tuning in to the House Financial Services Democrats’ so-called “Minority Day” hearing tomorrow morning. Crypto folks, after all, aren’t the intended audience. Everyday people are.
The hearing is being billed as primarily an opportunity to provide “the American public with a fuller picture of the implications of Trump’s crypto crimes,” and again analyze the House’s crypto market structure bill, according to a press release. Few Americans will tune in to watch it in full, but House Financial Services Committee Democrats are hoping that a decent amount will see and share clips on social media.
One witnesses’ testimony, however, is sure to go viral on crypto Twitter: that from Amanda Fischer, former Chief of Staff to Biden-era SEC Chair Gary Gensler. Now the COO and Policy Director at consumer advocacy organization Better Markets, Fischer has been duking it out with crypto executives, investors, and other popular accounts on X at a regular clip for months.
Some days, she’s live tweeting hearings or posting think-y threads about philosophical policy movements. But most of the time, she’s directly attacking her crypto enemies, quote-tweeting their posts with hot takes and clap backs. Going viral for her spats with crypto ‘thought leaders’ on CT is a regular occurrence.
Ahead of her appearance tomorrow morning, Fischer shared a draft of her written statement. In it, she issues a scathing critique of the CLARITY Act, which she describes as “loophole-ridden.” Urging lawmakers to vote against the bill entirely, rather than amending it, she repeats the logic similar to that which was asserted by her old boss just a few months ago: crypto assets should be regulated by existing securities laws, rather than by something new.
Her written testimony is attached below, in full.
