Lawmakers Call for Firing SEC Chairman Gensler - Coin Newsletter

U.S. lawmakers Tom Emmer and Warren Davidson have submitted a motion to remove Securities and Exchange Commission (SEC) Chairman Gary Gensler.

Tom Emmer, a cryptocurrency-friendly member of the House of Representatives, has again called for Gary Gensler's removal. "Gensler's SEC is a proponent of Wall Street, not Main Street," Emmer said. Said.

The SEC Stabilization Act, which was first introduced in June, aims to terminate Gary Gensler. In addition, it is proposed to create a managing director position that will oversee the day-to-day operations of the SEC.

In introducing the bill, Assemblyman Warren Davidson said, "Capital markets in the U.S., including the current one, must be protected from a despotic President." "It's time to reform, to fire Gary Gensler as SEC Chairman." called.

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