Warren Davidson, the first Republican Republican Representative member of the Republican Party, who first introduced the law in mid -April, has submitted the SEC stabilization law to remove the current chairman of the US Securities and Exchange Commission (SEC). did. Davidson argues that the law aims to protect the US capital market “from a tyranny chair”.
The law submitted to delete the SEC chairman's Gensler to protect the US capital market
Several Republican Republicans have publicly criticized his achievements, led by the SEC chairman Gary Genuler. Among them is the House of Representatives Warren Davidson (R-OH). He recently announced his intention to introduce a law to remove Gensler from his standpoint. In less than two months, Davidson submitted the SEC stabilization law and shared the news on Twitter on June 12.
“The US capital market must be protected by tyranny chairs, including the current market,” said Davidson. I said In a statement. “That's why I have revised the abuse of power and has introduced a law to secure the protection that has become the largest profit in the market for the next few years. Gary as a real reform and SEC chair.・ It's time to fired Gensler.
Davidson announcement Tom Emmer, a U.S. House of Representatives, a Republican member from Minnesota, joined him to support the bill. “American investors and industry are not political game manship, but deserving clear and consistent monitoring,” Emmer said. “The SEC stabilization method adds common sense changes to guarantee that the SEC priority is not a reckless chair whim, but an investor who is claimed to protect.”
Gensler's criticism of work performance has surpassed the Republican politicians, and Robert F. Kennedy Jr., a democratic president's wishes, has been dissatisfied with US Securities Regulatory Authority. Kennedy said last month, “SEC function is not to protect Americans, but to protect banks.” The presidential candidate advocated a SEC leader supporting cryptocurrency.
Davidson's proposal aims to establish a new structure in which the responsibility to create the current policy shifts from the SEC chair to six SEC commissioners. Patrick McHenley, chairman of the US House of Representatives Financial Service Committee Expersed criticism A recent genceler.
In a monitoring hearing on April 18, McHenry raised a question to Gensler on the classification of Ethereum (ETH) as a security. At that time, Gensler had refrained from providing a direct answer to whether ETH believes that ETH is security.
What do you think of the proposed SEC stabilization law and the progress of the SEC chairman's Gary Gensler performance? In the following comment section, share your thoughts and opinions on this theme.
https://news.bitcoin.com/republican-congresman-seeks-to-ensler-with-sec-stabilization-act/
