Lawmakers just filed a SEC Stabilization Act to fire Gary Gensler
I'm not sure if that's really the answer to any of this who's to say the next person would be any better. But he CLEARLY is overstepping his power
Lawmakers just filed a SEC Stabilization Act to fire Gary Gensler
I'm not sure if that's really the answer to any of this who's to say the next person would be any better. But he CLEARLY is overstepping his power
Is that a good thing? Will that change the policy the government is working on so far?
It is a farce. Gensler works for Biden. There is nothing the congress can do about it.
He was directly appointed by the president?
He is appointed by the President but has to be confirmed by the Senate.
Biden can fire him if he wants (or ask for his resignation. He works for Biden, not Congress.
But passing a bill is only going to get a veto from Biden.
But it makes for a good story and that all the Republicans care about.
Okay. I never knew the appointment process. It is similar but different in Canada how the public service works.
And how does that work? Congresses passes a bill to fire Gensler who works for Biden. It ends up on his desk and he vetoes it.
No firing of Gensler.
He doesnt work for Congress.
I’m writing a post on this presently I can’t wait to finish it. Crypto is such an interesting place.
The longer Gensler remains as the head of the SEC, the more stupid the SEC looks. I hope that Coinbase does have clear evidence that Gensler made that $2.5 million BTC trade before and after his sue announcement.
Gensler doesn't seem to be playing by the rules. The aftermath of his firing will be interesting if it happens. It could be a good show.