In a bold move, U.S. Congressman Warren Davidson, with support from House Majority Whip Tom Emmer, has advocated for the firing of SEC Chair Gary Gensler in 2024, attributing his stance to alleged corruption and abuses of power.
This development comes amid escalating tensions between the SEC and the digital asset sector throughout 2023.
Restructuring the SEC
Davidson, voicing significant concerns over Gensler’s enforcement-first regulatory approach, believes this has strained the SEC’s relationship with the digital asset industry. To address these issues, Davidson introduced the SEC Stabilization Act earlier this year.
The Act, aiming to restructure the SEC and remove Gensler, cites a “long series of abuses” under Gensler’s leadership. It proposes adding a sixth commissioner and an Executive Director to oversee day-to-day operations, with all rulemaking, enforcement, and investigation powers remaining with the commissioners.
The proposed restructuring aims to prevent a single
We współpracy z: https://cryptoslate.com/republican-lawmakers-call-for-the-removal-of-secs-gary-gensler-over-bias-and-damage-to-the-digital-asset-industry/
