US congressman Warren Davidson, SEC chairman Gary GenslerHe announced that he will submit a bill to remove .
Chairman of the Securities and Exchange Commission (SEC) Gary Gensler, United States Representative Warren Davidson It may face unemployment after the draft law to be presented by . Crypto-friendly congressman, chief of law at Coinbase Paul GrewalIn a tweet in response to , following the SEC’s recent statements regarding the re-definition of the stock market, gensHe announced his intention to sack him.
Commented on Hester Peirce
“To rectify a long-standing abuse, I am introducing a bill that dismisses the Chairman of the Securities and Exchange Commission and transfers that role to the Executive Director,” Davidson wrote.
Yep. To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides). Former Chairs of the SEC are ineligible. https://t.co/VBnkgt8bhM
— Warren Davidson 🇺🇸 (@WarrenDavidson) April 16, 2023
gens 14 AprilHe said the proposed rule changes could benefit investors and markets by modernizing the rules that define the exchange, as well as placing some brokers under additional regulatory scrutiny.
Similar changes January 2022 It was also recommended in . Crypto advocacy groups at the time SECHe argued that this meant exceeding the powers of .
SEC commissioner known as crypto mom for her pro-crypto views Hester Peirce, 14 AprilCriticizing the new rule changes in a statement he made in SECHe declared that ‘s last move is a scenario of stagnation, centralization and extinction.
Peirce“Instead of embracing the promise of new technology as we have done in the past, here we welcome recession to embrace recession, forcing decentralization and the disappearance of new technology,” he said in a statement.
SEC, in recent years Ripple, LBRYAnd coinbasefiled a lawsuit over allegations of infringement against crypto companies such as
