Date: 2023-07-03T17:05:02Z Creator: Bitfolio Academy
Crypto traders had their hopes dashed this weekend! SEC Chairman Gary Gensler remains crypto’s most intractable enemy as well as Wall Street’s most zealous protector. Despite rumors circulating of his imminent departure, Fox Business was quick to confirm that Gensler has not resigned.
Yet, the call for his ouster continues to grow: A petition to directly fire the Chairman has garnered the signatures of 34,269 people so far (see the link in my bio). And on June 12, a bill dubbed the “SEC Stabilization Act” was proposed to Congress in a bid to oust Gensler. This bill referred to Gensler as a “tyrannical Chairman.” Despite the ongoing pressure, Gensler will remain in his role until 2026, when his five-year term runs out.
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