The post Congress Introduces New Act To Remove SEC Chair Gensler appeared first on Coinpedia Fintech News
On Monday, attorneys in the US House of Representatives introduced a new measure with the goal of removing Gary Gensler from the position of SEC Chair and restructuring the financial regulator’s system. The legislation, known as the “Stabilization Act,” was passed by US lawmakers as a direct response to Gensler’s actions. Congressman Warren Davidson took to Twitter to explain his sudden introduction of the bill. He aims to address the ongoing misuse of authority and ensure long-term market protection through a new legislative proposal.