US Congressman Calls to Fire SEC Chair Gary Gensler

US Congressman Warren Davidson is urging the SEC to fire its chair Gary Gensler due to his controversial actions against cryptocurrency and his inconsistent treatment of similar products, which could potentially hinder digital asset development in the US.

watcher.guru

Relevant topic timeline:

9/1/2023

Gary Gensler’s Crypto Approach Likely Won’t Be Slowed By The Courts

The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.

9/3/2023

SEC's Gary Gensler is waging war against crypto. Here's a look at how his views on the industry have evolved over the years

SEC chief Gary Gensler has waged war against the cryptocurrency industry, evolving from an optimistic view to becoming more hardline and filing lawsuits against platforms like FTX, Binance, and Ripple. Despite recent legal setbacks, Gensler remains determined to regulate the sector.

9/11/2023

Gensler Reiterates Crypto Regulation Stance Ahead of Senate Testimony After Court Setbacks

U.S. Securities and Exchange Commission Chair Gary Gensler continues to emphasize the importance of crypto companies complying with securities laws, despite recent setbacks in court cases against the industry. Gensler will discuss recent enforcement actions and proposals related to cryptocurrency firms but will avoid discussing ongoing litigation, including high-profile cases against Coinbase and Binance.

9/12/2023

SEC Chief Gensler Renews Crypto Criticism, But Bitcoin ETF Prospects Remain Unclear

U.S. SEC Chair Gary Gensler criticized the crypto industry during a Senate hearing but did not provide any information on the regulator's stance on Bitcoin spot ETF applications, which are currently under review.

9/18/2023

SEC's Gensler Accused of Overreach in Crypto Crackdown While Ignoring Meme Stock Mania

Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), is facing criticism for his alleged corrupt practices and his crackdown on cryptocurrencies, with some accusing him of selectively targeting companies and undermining justice and market integrity.

9/20/2023

Ripple CEO Calls SEC Chair a 'Bully' After Partial Win in XRP Lawsuit

Ripple CEO Brad Garlinghouse criticizes SEC Chair Gary Gensler, accusing him of pursuing power and politics instead of sound policy, while XRP price remains strong despite being delisted from NYDFS' approved tokens list.

Topics

Posted 8/29/2023, 8:38:53 PM