CandleFocus SEC’s Gensler should resign by 2025: Rep. Hill
2024-10-24
Author: Content Editor
Crypto industry participants and American lawmakers are calling for Gary Gensler to step down as Chairman of the Securities and Exchange Commission (SEC) in 2025. Gensler has faced criticism for the SEC's failures and lack of clear regulation for digital assets. Lawmakers believe that Gensler's approach to crypto is hindering innovation and wasting the agency's regulatory authority. The future of Gensler's position remains uncertain, with Democrats possibly supporting him if Vice President Kamala Harris wins, while Republican pick Donald Trump has vowed to remove him from the commission immediately if elected. Ultimately, Gensler's tenure is set to run until 2026 unless he is replaced.
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