U.S. Congressman: Gary Gensler should step down as SEC chairman in 2025

BlockBeats news, on October 25, U.S. Congressman French Hill said that whether Trump or Harris wins the election, the SEC should have new leadership next year. French Hill and other Republican lawmakers criticized Gary Gensler, saying that the SEC's behavior in recent years and the lack of a clear regulatory framework for digital assets.

Congressman French Hill said that Gary Gensler's "alarmist" behavior at the SEC violated the Constitution and abused the agency's regulatory power. He suggested that the SEC provide exemption relief for emerging industries such as cryptocurrencies and take a pro-innovation stance.