After expressing his intentions to propose legislation, US Congressman Warren Davidson has officially introduced a bill seeking the removal of SEC Chair Gary Gensler. At the end of Gensler’s congressional hearing, Davidson called for restructuring the SEC. In a statement, D...
After expressing his intentions to propose legislation, US Congressman Warren Davidson has officially introduced a bill seeking the removal of SEC Chair Gary Gensler. At the end of Gensler’s congressional hearing, Davidson called for restructuring the SEC.
US Congressman advocates Gensler’s dismissal
In the wake of a high-profile congressional hearing, US Congressman Warren Davidson has formally presented legislation calling for the removal of SEC Chair Gary Gensler. Davidson advocated for the restructuring of the regulator, citing abuses of power in his closing remarks.
The hearing brought Gensler’s controversial approach to crypto regulation into the spotlight. Davidson officially presented the legislation in his closing remarks, in which he expressed dissatisfaction with Gensler’s “abuse of power and failure to protect investors.”
Gensler has served as SEC Chair during some of the industry’s most significant fraud cases. He has consistently pushed for ambiguous regulatory action, favoring industry enforcement over constructive dialogue and collaboration.