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Republicans introduce bill forcing Gary Gensler to testify biannually

Author: Content Editor
Senate Republicans have introduced the "Empowering Main Street in America Act," which would require the SEC chair to testify before Congress twice a year. The move comes amid criticisms of SEC Chair Gary Gensler's leadership and the agency's approach to regulating the digital asset sector. Gensler has been skeptical of crypto regulation, and his strict enforcement approach has prompted frustration in the industry. The proposed bill aims to increase accountability and transparency in the SEC's regulatory decisions. The SEC's recent enforcement actions against crypto firms, resulting in fines exceeding $7 billion since 2013, have further fueled concerns about regulatory uncertainty in the market.

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