US Congressman Calls For SEC Leadership Change In 2024

According to PANews, U.S. Congressman French Hill stated in an interview that regardless of which party controls the White House, the U.S. Securities and Exchange Commission (SEC) should undergo a leadership change next year. Hill criticized SEC Chairman Gary Gensler, accusing him of unconstitutional actions and misuse of the agency's regulatory powers. He suggested that the SEC should adopt exemption relief measures for emerging industries like cryptocurrency and take a stance that supports innovation. Hill, along with other Republican lawmakers, has been critical of Gensler's actions in recent years, accusing him of failing to provide a clear regulatory framework for digital assets.