BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

SEC Gary Gensler is About to Get Fired

by BlockNews.com Team
December 28, 2023
in Breaking News, Crypto, Featured
A A
SEC Gary Gensler is About to Get Fired
2
SHARES
Share on TwitterShare on Reddit
  • Congressman Tom Emmer is co-sponsoring a bill to remove SEC Chair Gary Gensler over disagreements on crypto regulation.
  • Congressman Warren Davidson and other lawmakers also criticize Gensler’s SEC leadership as biased against crypto and ineffective.
  • The bill faces uncertain odds but shows ongoing opposition to Gensler among some in Congress over crypto regulation approaches.

U.S. Congressman Tom Emmer has announced he is co-leading an SEC Stabilization Bill to remove SEC Chairman Gary Gensler from his position. This rewrite structures the original blog post into titled sections for improved readability.

Background on SEC Regulation Efforts

Tom Emmer, a Republican Congressman from Minnesota, is joining Ohio Congressman Warren Davidson in co-signing a new bill to fire SEC Chair Gary Gensler. Emmer stated that under Gensler’s leadership, the SEC has sided with Wall Street, not Main Street.

The SEC under Gensler has opposed the future of finance, especially crypto. Emmer previously called Gensler an “ineffective” and “incompetent” chair. Last month, Emmer’s SEC regulation bill passed the House, pushing for Gensler’s removal and more oversight on the SEC’s crypto industry enforcement.

Co-Signer Criticism of Gary Gensler

This week, Congressman Davidson also stated that 2024 would be a good time to remove Gensler, calling the SEC “corrupt.” Lawmakers cite the SEC’s perceived impartiality on crypto issues, like delaying Bitcoin ETFs and crypto regulations.

BREAKING: 🇺🇸 US Congressman Tom Emmer announces he supports the movement to fire Chairman Gary Gensler. pic.twitter.com/YIGlQOonzL

— BlockNews.com (@blocknewsdotcom) December 28, 2023

SEC Response

Gary Gensler has not responded to Emmer as the latest co-signer of the SEC Stabilization Act. There is currently no clear path to approving the bill to remove Gensler. However, the effort shows ongoing discontent with Gensler’s leadership among some lawmakers.

Conclusion

In summary, Congressman Tom Emmer is co-sponsoring a new bill to fire SEC Chair Gary Gensler over disagreements on crypto industry regulation. The bill faces unclear odds but demonstrates continuing anti-Gensler sentiment in Congress.

Tags: BitcoincryptoETFGary GenslersecTom Emmer
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

$PENGU on the Rise: Here Is Why All-Time Highs Are Coming Soon 
Crypto

$PENGU on the Rise: Here Is Why All-Time Highs Are Coming Soon 

May 16, 2025
UAE Sovereign Fund Boosts Bitcoin Exposure via $408M Investment in BlackRock ETF
Bitcoin

UAE Sovereign Fund Boosts Bitcoin Exposure via $408M Investment in BlackRock ETF

May 16, 2025
Russia’s Central Bank Declares Bitcoin as 2025’s Top Asset: Here is What You Need to Do
Crypto

Russia’s Central Bank Declares Bitcoin as 2025’s Top Asset: Here is What You Need to Do

May 16, 2025
Dogecoin Active Addresses Surge 990% Following Coinbase News: Is Now the Time to Buy?
Crypto

Dogecoin Active Addresses Surge 990% Following Coinbase News: Is Now the Time to Buy?

May 16, 2025
Analysts Predict XRP Price Could Hit $5 by November 2026 and Here is Why
Crypto

Analysts Predict XRP Price Could Hit $5 by November 2026 and Here is Why

May 16, 2025
Eric Trump Predicts Bitcoin Will Hit $1 Million Soon Amid Worldwide Accumulation Frenzy
Bitcoin

Eric Trump Predicts Bitcoin Will Hit $1 Million Soon Amid Worldwide Accumulation Frenzy

May 15, 2025
Load More

Related News

$PENGU on the Rise: Here Is Why All-Time Highs Are Coming Soon 

$PENGU on the Rise: Here Is Why All-Time Highs Are Coming Soon 

May 16, 2025
UAE Sovereign Fund Boosts Bitcoin Exposure via $408M Investment in BlackRock ETF

UAE Sovereign Fund Boosts Bitcoin Exposure via $408M Investment in BlackRock ETF

May 16, 2025
Russia’s Central Bank Declares Bitcoin as 2025’s Top Asset: Here is What You Need to Do

Russia’s Central Bank Declares Bitcoin as 2025’s Top Asset: Here is What You Need to Do

May 16, 2025
Dogecoin Active Addresses Surge 990% Following Coinbase News: Is Now the Time to Buy?

Dogecoin Active Addresses Surge 990% Following Coinbase News: Is Now the Time to Buy?

May 16, 2025
Analysts Predict XRP Price Could Hit $5 by November 2026 and Here is Why

Analysts Predict XRP Price Could Hit $5 by November 2026 and Here is Why

May 16, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.