{"id":140873,"date":"2023-06-13T05:20:43","date_gmt":"2023-06-13T05:20:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=140873"},"modified":"2023-06-13T10:04:34","modified_gmt":"2023-06-13T10:04:34","slug":"what-could-happen-to-cryptocurrencies-if-sec-director-gary-gensler-is-removed","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/what-could-happen-to-cryptocurrencies-if-sec-director-gary-gensler-is-removed\/","title":{"rendered":"What Could Happen to Cryptocurrencies if SEC Director Gary Gensler is Removed?"},"content":{"rendered":"
In a surprising twist of events, members of the US House of Representatives are coming up with ways to get rid of Gary Gansler for the benefit of both the US and its\u00a0<\/span>cryptocurrency-related<\/span><\/a>\u00a0industry. However, it might be more complicated than it seems.\u00a0<\/span>On June 12, the Ohio representative, Warren Davidson, came forward with the SEC Stabilization Act, highlighting the intention of firing Gary Gensler.<\/span><\/strong><\/p>\n <\/p>\n Davidson stated,<\/span><\/p>\n \u201cU.S. capital markets must be protected from a tyrannical Chairman, including the current one. That\u2019s why I\u2019m 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. It\u2019s time for real reform and to fire Gary Gensler as Chair of the SEC.\u201d<\/span><\/em><\/p>\n