Tom Emmer Proposes Removal of SEC Chairman Gary Gensler

Bittime - Tom Emmer and the crypto community are calling for the removal of Gary Gensler as SEC Chairman over controversial regulation of crypto assets. Criticism of Gensler emerged for his tough and unclear approach, despite his background in blockchain.

Tom Emmer Proposes Removal of SEC Chairman Gary Gensler

Tom Emmer, US representative, demanded the dismissal of United States Stock Exchange (SEC) Chairman Gary Gensler. Gary uses Twitter to ask users to report complaints or tips to the SEC. Emmer pushed to respond, "I want to report the SEC Chairman because of regulations," using a hashtag demanding Gary's ouster. 

In his criticism, Emmer is not alone. The crypto community and some industry supporters are fed up with Gary's leadership. Gradually, they demanded change. Many people believe that a change in leadership is overdue as the SEC's relationship with the crypto industry became very sour during Gary's tenure.

Gary Files Lawsuit

According to the entrepreneur, Gary's method of filing lawsuits to regulate means that it is almost impossible for crypto companies to understand the rules they must follow. Cuban, a strong supporter of the crypto industry, has repeatedly dissed Gary for his behavior towards crypto assets. He even stated that Gary was responsible for Joe Biden's defeat in the election.

Crypto Community Not Familiar with Gary Gensler

The crypto community is not familiar with Gary Gensler. He once taught about blockchain and money at MIT, but he's become anti-crypto since he led the SEC. However, six months after approving Bitcoin, he is still in the process of approving the launch of an Ethereum ETF.

Conclusion

A number of parties in the crypto community, as well as several industry supporters, as well as Tom Emmer, a US representative, have requested the removal of Gary Gensler, Chairman of the United States Stock Exchange. They criticized Gensler for the unclear and harsh rules used to regulate crypto assets. Although he teaches blockchain at MIT, Gensler's views on crypto as SEC chairman have drawn controversy and sharp criticism.

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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.