News

US Congressman Files Legislation to Fire SEC Chair Gary Gensler

single-image

US Congressman, Warren Davidson, has officially filed legislation that would restructure the US Securities and Exchange Commission (SEC) and fire its chair, Gary Gensler. Moreover, in a recent Twitter post, Davidson called Gensler a “tyrannical chairman” whom Congress must protect the markets from. 

Stay in the know on crypto by frequently visiting Crypto News Today

The legislation follows recent enforcement action taken by the SEC last week. Specifically, the US regulator had issued a host of charges against both Coinbase and Binance. Subsequently, the agency cited US securities law violations behind the action taken against them.

Advertisement

Congressman Files SEC Stabilization Act

The SEC shook the entire digital asset industry last week when it came after two prominent cryptocurrency exchanges. Indeed, the regulator took action against both Coinbase and Binance for securities violations. Now, one congressman is fighting back against the actions taken by the regulator and its head. 

Quick Check: BTC
ETH

Specifically, Congressman Warren Davidson has filed legislation that would fire SEC Chair, Gary Gensler. Additionally, the now-filed bill will restructure the regulatory agency to change its current organization. 

“US capital markets must be protected from tyrannical Chairman, including the current one,” Davidson stated. “That’s why I’m introducing legislation to fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come.” 

Conclusively, Davidson wrote, “It’s time for real reform and to fire Gary Gensler as Chair of the SEC.” Conversely, the call for a change in leadership has been consistent. Specifically because of the concern regarding how the SEC’s actions could affect the industry. Subsequently, this is pushing digital asset development away from the US.CRYPTOCASTER® - DECENTRALIZED FREEDOM!
Read More at WATCHER.GURU


We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


CRYPTOCASTER HEATMAP


You may also like