U.S. Congressman and Congressional Majority Representative Tom Emmer recently announced plans to introduce a bill aimed at removing current SEC Chairman Gary Gensler. The bill, known as the “SEC Stabilization Act,” is being co-sponsored by Emmer and Rep. Warren Davidson.
Emmer criticized Gensler's SEC for siding with Wall Street instead of the public, saying, “American investors and industry deserve clear and consistent oversight, not political games.”
Emmer believes the SEC Stability Act will bring about the necessary changes to ensure that the SEC Chairman prioritizes the investors he is supposed to protect rather than serving his whims.
Emmer expressed his gratitude to Davidson for spearheading this important effort to restore sanity in the SEC. “I am proud to join Warren Davidson as a co-leader on the bill so we can fire Gary Gensler,” he said.
Echoing Emmer's sentiments, Davidson emphasized that U.S. capital markets must be protected from a tyrannical president. Davidson continued his statement as follows:
“U.S. capital markets must be protected from a tyrannical president, including the current one. That's why I'm introducing a bill to correct ongoing abuses of power and provide protection that will benefit the market for years to come. I believe we can achieve real reform and replace Gary Gensler with the SEC.” It's time to fire him as president.”
Tom Emmer said the following about cryptocurrencies in his statement published a few days ago:
“Digital assets are not enemies. They are a tool for trust, transparency and individual freedom.”
*This is not investment advice.