Crypto-friendly Congressman Warren Davidson has introduced a bill called the SEC Stabilization Act, aimed at restructuring the institution as well as removing Gary Gensler from the post of President.
Warren said in his statement:
“Today I submitted the SEC Stabilization Act to restructure the SEC and fire Gary Gensler.
US capital markets must be protected from a tyrannical President, including the current President. The time has come for real reform and the firing of Gary Gensler from the SEC Chair.”
*Not investment advice.