CandleFocus Gensler Under Investigation as Trump Elected, Ripple Pushes for SEC Reforms
2024-11-07
Author: Content Editor
The Chair of the SEC, Gary Gensler, is under investigation by the House Committee on the Judiciary over concerns about potential political bias in the agency's hiring practices. The committee has requested documents from the SEC by September 24th to assess compliance with federal hiring regulations. Ripple CEO Brad Garlinghouse has publicly urged President Donald Trump to replace Gensler and suggested potential replacements. Garlinghouse also encouraged Trump to support bipartisan legislation to establish clearer guidelines for cryptocurrency markets. Ripple is also pushing for clarity on how Ethereum is classified by the SEC. The outcome of these developments could impact the regulatory landscape for digital assets under the Trump administration.
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