Could the SEC Chair's Removal Be Looming as Congress and the SEC Clash?
Adekunle Joshua
Gary Gensler, the SEC chairman, has faced allegations of undermining the US capital markets through his regulatory measures
Some legislators have called for his removal, claiming he's misusing his authority and promoting a political agenda
Gensler has consistently stated that Bitcoin isn't a security but hasn't definitively addressed its classification as a commodity
He has also given vague responses regarding whether specific types of NFTs might be classified as securities
Gensler's testimony coincides with growing demands for the SEC to clarify its cryptocurrency regulation approach.