The Blockchain Association, a prominent lobbyist group for the cryptocurrency industry in the United States, has called on SEC Chair Gary Gensler to recuse himself from enforcing rules on the crypto space.
The United States Securities and Exchange Commission under Gensler has taken a hostile approach to crypto, filing lawsuits against several prominent crypto firms.
Blockchain Association Pens Open Letter
The call for the Securities and Exchange Commission Chair to remove himself from crypto-related matters was issued in the form of a statement released by the Blockchain Association. It comes after cryptocurrency exchange Coinbase filed a notice of intent on Wednesday, requesting a court to dismiss the regulator’s lawsuit against the exchange. In the letter, the Blockchain Association contends that Gensler has repeatedly asserted that everything other than Bitcoin is a security and that his statement gives the appearance that he cannot approach the issue with an open mind. The
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