PANews, September 18: According to The Block, House Financial Services Committee Chair Patrick McHenry and House Majority Whip Tom Emmer have sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler, demanding clarification on the SEC's approach to cryptocurrency airdrops.

The two Republican lawmakers accuse the SEC of “stifling the market” on airdrops, arguing that this approach hinders American citizens from participating in the development of blockchain technology. The letter asks questions like how the SEC differentiates between airdrops and airline miles or credit card rewards points. The lawmakers have requested a response from Gensler by September 30th.