Gary Gensler, Please Step Down, Resign!

Summary

“Gensler thumbs his nose at Congress and the Judiciary alike. He rejects Constitutional checks and balances, bristling at Congressional oversight. He weaponizes the SEC’s war on cryptocurrency by claiming that every digital asset is probably a security. The SEC has not developed forthright policy on cryptocurrency; Congress has not instructed it to do so.

The SEC’s two-year litigation against Ripple has spooked innovators and discredited the agency in the eyes of consumers and investors, whom by law it is supposed to protect. The SEC’s increasingly stupefying arguments about Ripple ”s digital asset XRP have departed even the broad discretion allowed by 1933 Securities Act or Supreme Court.

The SEC under Gensler disrespects Congress and the courts and imperils investors and innovators, says Julian Zelizer. He should resign now to avoid further damage, Zelizer says.”

Source: https://digitalassets.review/news/forbes-article-gary-gensler-resign-taken-down