2 years ago
Rep. Warren Davidson (R-Ohio) announced authorities to region Securities and Exchange Commission (SEC) seat Gary Gensler successful a tweet connected April 16.
There, Davidson wrote:
“To close a agelong bid of abuses, I americium introducing authorities that removes the Chairman of the [SEC] and replaces the relation with an Executive Director that reports to the Board (where authorization resides).”
Davidson besides said that erstwhile SEC chairs are “ineligible” for the downgraded position. If the authorities were to succeed, Gensler would nary longer beryllium capable to service successful a enactment capableness astatine the Commission but presumably could service successful different role.
Davidson announced the authorities successful effect to comments from Coinbase CLO Paul Grewal and dissenting SEC commissioner Hester Peirce. Both have criticized Gensler’s SEC implicit its pursuit of a broadened explanation of “exchange.” That broadened explanation could explicitly impact DeFi platforms and different services not typically considered exchanges.
The authorities successful question has not yet been published.
The station Congressman advances authorities to occurrence Gary Gensler, downgrade position appeared archetypal connected CryptoSlate.
English (US) 