Republican lawmakers take shot at SEC's Gensler with proposal to oust him
Republican lawmakers took a shot at the U.S. Securities and Exchange Commission Chair Gary Gensler on Monday, announcing proposed legislation that would seek to remove him.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Republican lawmakers took a shot at the U.S.
"American investors and industry deserve clear and consistent oversight, not political gamesmanship," Emmer said in a ."The SEC Stabilization Act will make common-sense changes to ensure that the SEC’s priorities are with the investors they are charged to protect and not the whims of its reckless Chair."advocate for crypto within Congress. The SEC and its Chair have drawn criticism from the crypto industry after a series of high-profile enforcement actions and lawsuits this year."U.S.
The proposed legislation would adjust the commission to include a sixth commissioner, and a single political party would not be able to hold more than three commissioner seats at a given time. It wasn't immediately clear if the bill had any support in the Senate, which Democrats currently control.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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