Representative Warren Davidson has introduced legislation to remove SEC Chairmen Gary Gensler
He said: 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.
Davidson said: Chairman Gensler, your record of failures to protect investors and abuses of power make it clear that we need to restructure the Securities and Exchange Commission.
Hester Pierce said: “Today’s Commission tells entrepreneurs trying to do new things in our markets to come in and register,” Peirce said.
Representative Warren Davidson has introduced legislation to remove SEC Chairmen Gary Gensler
4/18/2023
“When entrepreneurs find they cannot, the Commission dismisses the possibility of making practical adjustments to our registration framework to help entrepreneurs register, and instead rewards their good faith with an enforcement action.”
In this hearing, as well, Gary Gensler, the chair of the SEC, was interviewed in Congress today. Here is a clip of him and Representative McHenry arguing on whether Ethereum, $ETH, is a commodity or a security, with Gary unable to answer the question.
See it here: https://twitter.com/unusual_whales/status/1648374207041122305
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