Crypto-Friendly Congressmen Draft Bill to Reform S
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Posted On: 06/13/2023 2:08:30 PM
Crypto-Friendly Congressmen Draft Bill to Reform SEC, Fire Gary Gensler
The congressman aims to decentralize the structure of the SEC, and free the agency from its "tyrannical Chairman."
https://decrypt.co/144280/congressmen-draft-b...ry-gensler
The congressman aims to decentralize the structure of the SEC, and free the agency from its "tyrannical Chairman."
Quote:
Gary Gensler is the crypto sector’s bogeyman of the moment after the SEC moved to classify many major tokens as securities.
In a podcast this week, investor David Sacks claimed that Gensler and Democratic Senator Elizabeth Warren have formed an “alliance” to destroy the U.S. crypto sector.
Previously, Warren has pushed for regulation that would hand the SEC enhanced powers to oversee the crypto space.
Quote:
“Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” announced Warren Davidson (R-OH) on Twitter Monday. “U.S. capital markets must be protected from a tyrannical Chairman, including the current one.”
https://decrypt.co/144280/congressmen-draft-b...ry-gensler
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