US Congressman: Regardless of which political party is in power, the SEC should change its leadership next year

According to Decrypt, US Congressman French Hill stated in an interview that regardless of which political party controls the White House, the Securities and Exchange Commission (SEC) should change its leadership next year. Hill stated that Gary Gensler's actions of "creating panic" at the SEC were unconstitutional and an abuse of the agency's regulatory power. He suggested that the SEC take exemption relief measures for emerging industries such as cryptocurrency and adopt a pro innovation stance. Hill and other Republican lawmakers have been criticizing SEC Chairman Gary Gensler's actions in recent years, accusing him of failing to provide a clear regulatory framework for digital assets.